SYNOPSIS:
Proventus Agrocom reported strong H1 FY26 performance with 35 percent HoH revenue growth and 164 percent HoH net profit surge, driven by expanding nutrition-focused products, brand investments, and favourable GST reforms supporting healthy snacking demand.
During Thursday’s trading session, shares of a company involved in the agro commodity business and one of India’s fastest-growing healthy snacking companies surged nearly 14.4 percent on NSE, despite reporting financial results for H1 FY26 with a net profit growth of around 164 percent HoH and 37 percent YoY.
At 10:43 a.m., shares of Proventus Agrocom Limited were trading in green at Rs. 1,220.05 on BSE, up by around 6.3 percent, compared to its previous closing price of Rs. 1,148.45, with a market cap of Rs. 420.5 crores. The stock hit its 52-week high at Rs. 1,770 on 1st January 2025, and is trading at a discount of around 31 percent from its current price levels.
What’s the News
Proventus Agrocom Limited (ProV) announced the financial results for the first half of FY26 on Wednesday, when stock markets were closed on the occasion of Guru Nanak Jayanti, as per the latest regulatory filings with the NSE.
For H1 FY26, the company reported a consolidated revenue from operations of Rs. 389.6 crores, reflecting a sequential growth of more than 35 percent HoH compared to Rs. 288 crores in H2 FY25, and a year-on-year increase of nearly 33 percent from Rs. 293.4 crores recorded in H1 FY25.
During the same period, Proventus Agrocom delivered a net profit of Rs. 6.68 crores, representing an increase of nearly 164 percent HoH from Rs. 2.53 crores, as well as a significant growth of around 37 percent YoY from Rs. 4.87 crores.
The company reported brand revenue of Rs. 283 crore, marking a 33 percent YoY increase from Rs. 213 crore in H1 FY25, while maintaining a strong profitability despite a 2x increase in marketing and brand investments.
During H1 FY26, the brand has achieved 12-fold growth in just four years and remains on track to reach Rs. 575-600 crore by the end of FY26. Products focused on wholesome nutrition now account for around 50 percent of the overall portfolio.
Commenting on the performance, Mr. Durga Prasad Jhawar, Managing Director, stated that the company remains committed to achieving its Rs. 1,000 crore brand milestone by FY28. Further, the company expects gross margins to expand to over 22 percent by the end of FY26, driven by a continued shift toward high-margin, nutrition-focused products.
He further highlighted that the recent GST reduction on dry fruits and related categories is expected to benefit the organised sector, providing a strong boost to both ProV and the overall healthy snacking industry. He added that the GST rationalisation enhances affordability and accessibility, acting as a tailwind for ProV’s expanding health-oriented product portfolio.
Proventus Agrocom Limited is an integrated health-food company offering a diversified portfolio of dry fruits, nuts, seeds, berries, and healthy snacks. Through its ‘farm-to-homes’ model, the company ensures end-to-end control from sourcing to distribution, delivering premium, nutritious products to millions of households. The brand operates across General Trade, Modern Trade, E-commerce, and Q-commerce channels.
Written by Shivani Singh
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