Foods & Inns Limited

1 Billion

and expansion in distribution network. Coca- Cola & its bottling partners are investing around USD 1 Billion to expand production capacity by upto 40% and expand its addressable market in the country by targ

40%

a & its bottling partners are investing around USD 1 Billion to expand production capacity by upto 40% and expand its addressable market in the country by targeting occasions, innovation & culture as p

96%

-Domestic Q1 FY'23 Q1 FY'22 YoY Growth FY'22 FY'21 34,548 3,668 30,880 17,653 4,993 12,660 96% -27% 144% 78,379 24572 53807 46,220 20,250 25,970 Sales (In Rs. Crores/-) (Including Export in

27%

tic Q1 FY'23 Q1 FY'22 YoY Growth FY'22 FY'21 34,548 3,668 30,880 17,653 4,993 12,660 96% -27% 144% 78,379 24572 53807 46,220 20,250 25,970 Sales (In Rs. Crores/-) (Including Export incentiv

144%

Q1 FY'23 Q1 FY'22 YoY Growth FY'22 FY'21 34,548 3,668 30,880 17,653 4,993 12,660 96% -27% 144% 78,379 24572 53807 46,220 20,250 25,970 Sales (In Rs. Crores/-) (Including Export incentives & S

51%

20 20,250 25,970 Sales (In Rs. Crores/-) (Including Export incentives & Scrap Sale) 213.8 141.7 51% 616.5 356.6 B) Kusum Spices: Kusum Spices Particulars Q1 FY'23 Q1 FY'22 Q2 FY'22 Q3 FY'22 Q4

99.99%

’20 number shown in the table above is the revenue of Kusum spices since Foods & Inns entered as a 99.99% partner i.e. Oct’19. 1 Overall Business outlook (Foods & I

Rs.148

nent 1 as well as Component 3 of the scheme and the company stands to receive incentives of around Rs.148crs on a best-case basis between the period FY’22-23 to FY’26-27 based on future growth in sales an

10%

s per committed capex. As per the scheme guidelines we have to grow our sales at a minimum CAGR of 10% over FY’22 to FY’27 to receive incentives under Component 1 of the PLI Scheme. The incentives will

15%

ive incentives under Component 1 of the PLI Scheme. The incentives will be payable upto a CAGR of 15% on eligible sales. Under Component 3 of the scheme, we are expected to get incentives of 50% of ou

50%

R of 15% on eligible sales. Under Component 3 of the scheme, we are expected to get incentives of 50% of our Branding & Marketing expenses incurred abroad over the period FY’22 to FY’26. These incenti

Rs.40,000

2019 and has consequently widened its offerings in the foods segment. The Indian spice market is ~ Rs.40,000cr industry (Source: APEDA) The company owns brands/trademarks such as Madhu - (Fruit Pulp), Green

“We expect an increased demand in other processed fruits and vegetables like guava, tomato, chilli etc.”

“This year we have diversified our product portfolio further to reduce our dependency on Mango and this will be a conscious strategic path we will follow moving ahead.”

“As per the scheme guidelines we have to grow our sales at a minimum CAGR of 10% over FY’22 to FY’27 to receive incentives under Component 1 of the PLI Scheme.”

“The incentives will be payable upto a CAGR of 15% on eligible sales.”

“These incentives under both the components will be in the form of direct bank transfers to the company upon achieving yearly milestones as committed under the scheme.”

“c) To achieve our ESG goals, we have filed our GHG (Green House Gas) inventories and Carbon Emission data via Carbon Disclosure Project (CDP).”

“f) We have installed the Tetra Recart machinery at our greenfield facility at Vankal (Gujarat) and are currently having test runs and expect the plant to be commercially operative by the end of October 2022.”

Key Business Indicators

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Disclaimer

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Key Business Indicators

Foods & Inns Limited (Investor Note – Q1 FY’23) Domestic markets were extremely favourable in FY’22 as we gained market share from our competition. Coca-Cola India unit as well as Pepsi Co. bottlers in India reported their best ever quarter by sales volume in April to June 2022 which was announced during their respective quarterly earnings. This was primarily led by affordable single serve packs and expansion in distribution network. Coca- Cola & its bottling partners are investing around USD 1 Billion to expand production capacity by upto 40% and expand its addressable market in the country by targeting occasions, innovation & culture as per a Business Standard report dated 27th July 2022. Coca Cola’s mango-based drink was singled out as the growth driver in India in their result commentary on Economic Times dated 26th July 2022. Mango raw material prices increased this season due to lower mango crop availability which in turn is expected to increase processed price realisations. We e

About

Foods & Inns (FIL) is a manufacturer and exporter of a range of processed tropical fruits pulps, purees, and vegetables with state-of-the-art factories in Chittoor, Valsad, Sinnar and Gonde (Nashik). The company operates in the food processing industry and its principal divisions are Aseptic, Canning, Spray drying, Frozen fruits, IQF (Individually Quick Frozen) vegetables and snacks. Product range includes tropical fruit purees, concentrates of Mango, Guava, Papaya apart from Tomato Paste, Natural Fruit & Vegetable Powders. The company became a 99.99% partner in Kusum spices (Spice brand established in 1972) from the 2nd of October 2019 and has consequently widened its offerings in the foods segment. The Indian spice market is ~ Rs.40,000cr industry (Source: APEDA) The company owns brands/trademarks such as Madhu - (Fruit Pulp), Green Top - (IQF Vegetables & Other RTE Snacks), Kusum Masala – (Spices), Triveni Global - (Frozen food) & Zatpat Zaldee - (QSR). The company as an initiative

Disclaimer

This document may contain some statements on the company’s business or financials which may be construed as forward looking. The actual results may be materially different from these forward- looking statements.

Contact

1) writetous@foodsandinns.com 2) Landline: 022-35110013 / 022-22615032 3) Mr. Anand Krishnan, CFO (Email: anand@foodsandinns.com) 4) Mrs. Randeep Kaur, Company Secretary (Email: randeep@foodsandinns.com)