EIFFL - Euro India Fresh

📊 NSE: EIFFL 🏢 Food - Processing - Indian 📅 Last Updated: 12/13/2025 21:59

💰 Financial Performance

Revenue Growth by Segment

Total operating income was approximately INR 144 crore in FY25. Segment-specific growth percentages are not disclosed, but the portfolio includes namkeen, potato chips, fruit juice, beverages, and bakery items.

Geographic Revenue Split

The company has a pan-India presence with an established distribution network in Maharashtra and Gujarat; it also exports a small portion to the UK, US, and Gulf countries.

Profitability Margins

Net profit stood at INR 5.6 crore for FY25, representing a net margin of approximately 3.89%. Margins are susceptible to volatility in agro commodity prices.

EBITDA Margin

Not explicitly disclosed as a percentage, but the company earned a gross cash accrual (GCA) of INR 8.28 crore in FY25, which is expected to grow to INR 11-21 crore during FY26-28.

Capital Expenditure

Not disclosed in absolute INR Cr, but the company maintains an installed capacity of 12,500 MTPA and utilizes machinery leases to avoid idle capacity.

Credit Rating & Borrowing

The company has a Stable outlook with an interest coverage ratio of 3.63x and an overall gearing ratio of 0.58x as of March 31, 2025.

⚙️ Operational Drivers

Raw Materials

Agro commodities including potatoes, edible oils, and grains for snacks; specific cost percentages for each are not disclosed.

Import Sources

Sourced primarily from domestic markets in India, with a focus on proximity to facilities in Gujarat to lower logistics costs.

Key Suppliers

J R Foods & Beverages is a key related party supplier and facility provider, with proposed transactions of up to INR 300 crore for FY 2025-26.

Capacity Expansion

Current installed capacity is 12,500 MTPA; specific planned expansion timelines in MT are not disclosed in the available documents.

Raw Material Costs

Susceptible to high volatility in agro commodity prices which impacts the cost structure; procurement is managed partly through related party facilities to ensure supply chain continuity.

Manufacturing Efficiency

Utilizes machinery leases to avoid idle capacity and leverages a related party facility that is nearest to operations to minimize logistics expenses.

Logistics & Distribution

Distribution costs are optimized through an extensive network of distributors and the strategic use of the J R Foods & Beverages facility to reduce transit expenses.

📈 Strategic Growth

Expected Growth Rate

33-153%

Growth Strategy

Achieved through product diversification (namkeen, chips, juices, bakery) to limit dependence on single categories, expansion of the pan-India distribution network, and a strategic INR 300 crore related-party transaction with J R Foods & Beverages to secure the supply chain.

Products & Services

Ready-to-eat items including namkeen, potato chips, fried extruded snacks, fruit juice, beverages, bakery items, mineral water, core filling snacks, and fruit pulps.

Brand Portfolio

Euro

Market Expansion

Focusing on strengthening pan-India presence and increasing the small export portion currently sent to the UK, US, and Gulf countries.

Strategic Alliances

Strategic partnership with J R Foods & Beverages for machinery leasing and supply chain facilities.

🌍 External Factors

Industry Trends

The food processing industry is characterized by high competition and a shift toward diversified product portfolios; EIFFL is positioning itself as a multi-product player under the 'Euro' brand.

Competitive Landscape

Faces intense competition from both large-scale organized players and unorganized local manufacturers.

Competitive Moat

Moat is based on a 15-year operational track record, a diversified portfolio across snacks and beverages, and an established distribution network in Gujarat and Maharashtra.