DFM Foods : General updates

Q4 FY 22 Highlights

Q4 Revenue grew by 6.8% YoY. Company continues to invest in brand building Go-to-Market initiatives, talent augmentation and technology (significant spend 18.4% of net sales).

Noida, May 25, 2022: The Board of Directors, at its meeting held on May 25, 2022 approved the results of the Company for the quarter / year ended 31st March, 2022. Revenue for the Quarter stood at Rs. 141.6 Cr, growing 6.8% on YoY basis. On QoQ basis, core product gross margin increased by 100 bps despite high commodity inflation.

Commenting on the Quarter results, Company's Managing Director & CEO Lagan Shastri said

DFM overcame the 3rd wave of Covid and grew 6.8% YoY, while the extruded market grew by 3% over the same period. On the back of significant investments in marketing and go to market initiatives, DFM gained over 140 bps share YoY in the extruded market pan India. DFM improved material margins (excluding new categories) by 100 bps to reach 39.1% despite continuing inflationary trends in commodity prices.

About DFM Foods Ltd.:

DFM Foods Limited, the initiator of packaged snack foods in the Indian market, is engaged in the business of manufacturing, selling, and marketing of packaged foods and has been a leader in the space for over 30 years. The company is listed on the National Stock Exchange (NSE) and BSE Ltd (BSE), and markets its products under the brand names of "CRAX", "CURLS", "NATKHAT" and "FRITTS". The product portfolio comprises of Corn Rings, Corn Puffs, Wheat Puffs, Cheese Balls, Corn and Potato Sticks, Potato Chips and traditional Namkeens, sold through an extensive distribution network. The company has state of the art processing units located at Ghaziabad, Greater Noida with a strong focus on revenue and distribution, innovative marketing and new product development.

For further information please contact:

Mr. Raju Singh Tomer

DFM FOODS LTD.

Tel: + 0120-6013232

Email: [e-mail]