The shares of an FMCG engaged in the business of Food Processing Indian hit a 20 percent upper circuit from the previous closing price after the company recently received the third tranche of incentives under the Government of India’s Production Linked Incentive (PLI) scheme, amounting to Rs 25.08 crore for FY 2023-24. This achievement highlights the company’s dedication to operational excellence and financial discipline.
The shares of Foods & Inns Ltd, with a market capitalization of Rs. 802.42 crores on Monday. Its shares are trading at a CMP of Rs 109.30, against the previous closing price of Rs 93.47. The stock has hit a 20 percent upper circuit high, reaching a high of Rs 112.16 Intraday
What’s the news
Foods and Inns Limited has received official sanction for the third tranche of incentives under the Government of India’s Production Linked Incentive (PLI) scheme, amounting to Rs 25.08 crore for the fiscal year 2023–24. The sanction was confirmed on May 19, 2025, following the company’s successful fulfillment of all eligibility conditions outlined in the scheme. These included the completion of committed capital expenditure (capex) and the achievement of the specified sales revenue benchmarks. This accomplishment marks a significant milestone for the company, underscoring its strong operational performance, disciplined financial management, and sustainable growth strategy.
The company has already surpassed the required sales thresholds for the ongoing fiscal year 2024–25, in line with the PLI scheme’s guidance formula. This early achievement reflects Foods and Inns Limited’s proactive approach to planning, execution, and scalability. The financial assistance from the PLI scheme will catalyze expanding its operations, accelerating innovation, and further strengthening its position in the Indian food processing industry.
The company highlighted that a portion of the PLI incentives for earlier years, Rs 1.09 crore for FY 2021–22 and Rs 1.75 crore for FY 2022– 23, remains pending disbursement. Foods and Inns Limited has formally requested the release of these amounts and is actively following up with the concerned authorities. As it continues on its growth trajectory, the company reaffirms its dedication to contributing to India’s food processing sector and aligning with the national vision of Aatmanirbhar Bharat, creating long-term value for all stakeholders.
About the company
Foods & Inns Ltd is in the business of processing and marketing fruit pulps, concentrates, and spray-dried fruit and vegetable powders, Powder of various spices, frozen vegetables, and snacks, medicated products
The company’s revenues have grown by 27.19 percent YoY from Rs 151.54 crores in Q3FY24 to Rs 192.75 crores in Q3FY25. The net profits of the company have drastically reduced by 83.54 percent from Rs 3.75 crores in Q3FY24 to Rs 0.79 crores in Q3FY25
Written By Likesh Babu S
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