Prime Fresh: Q2 PAT grows 55% to ₹5 crore

Ahmedabad, 8 November 2026: Prime Fresh Limited (PFL), established in 2007, is a BSE-listed, fully integrated post-harvest supply chain management company specializing in fruits and vegetables. Our core activities encompass sourcing, aggregation, sorting, grading, packing, storage, logistics, distribution, and market linkages across multiple sales channels. PFL serves as a one-stop enterprise for comprehensive back-to-forward integration solutions.

Q2&H1 FY27 Financial Highlights (Consolidated PFL Group)

Financial figures are presented in ₹ crore except margins and EPS. 

Key Business Highlights: Q2 FY27 Highlights (Consolidated PFL Group):

• Revenue from Operations increased 21.1% YoY and 30.3% QoQ to ₹80.39 crore, reflecting strong consolidated revenue growth.
• EBITDA grew 71.2% YoY to ₹6.99 crore, while PAT increased 54.7% YoY to ₹4.83 crore.
• EBITDA margin improved by 255 bps YoY to 8.70%, while PAT margin expanded by 130 bps YoY to 6.00%. Sequential margins moderated compared with Q1 FY27.
• Standalone F&V sales tonnage for Q2 FY27 stood at 12,798 MT, declining 28.8% QoQ and 21.2% YoY, while average sales realisation per MT increased, indicating an improvement in realised pricing and product mix.
• Product mix: Onion continued to anchor overall business volumes, while pomegranate strengthened its contribution. Nagpur oranges and sweet lime recorded increased volumes, partly offsetting lower volumes in onion and mango during H1 Fy27.

H1 FY27 Highlights (Consolidated PFL Group):

• Revenue from Operations increased 18.7% YoY to ₹142.09 crore, supported by growth in consolidated business operations.
• EBITDA grew 62.3% YoY to ₹13.14 crore, while PAT increased 52.8% YoY to ₹9.18 crore.
• EBITDA margin expanded by 249 bps YoY to 9.25%, while PAT margin improved by 144 bps YoY to 6.46%, reflecting stronger profitability.
• Standalone F&V sales tonnage for H1 FY27 increased 14.2% YoY to 30,780 MT, demonstrating higher cumulative throughput despite lower volumes in Q2 FY27.

Key Milestones Achieved

• Secured and Launched Nashik Cluster Development Programme (CDP): Marked the formal execution of the grant agreement for the Nashik CDP. This milestone strengthens PFL’s back-to-forward integration by driving direct farmgate sourcing, scaling integrated cold-chain and packing capabilities, and expanding sustainable value-chain infrastructure across key agricultural belts. This project is envisioned and implemented under the leadership of Ministry of Agriculture and Farmers welfare (Government of India) monitored by National Horticulture Board (NHB) of India.
• Pune CDP Selection: Secured selection at the Expression of Interest (EOI) stage by the National Horticulture Board (NHB) for the proposed Pune Cluster Development Programme.
• Geographical Network Expansion to Northern India: Commenced operations at a state-of-the-art distribution centre in Gopiganj (Varanasi region), Uttar Pradesh. This milestone significantly expands PFL’s physical footprint in Northern India, enhancing regional market penetration, optimizing multi-channel distribution efficiency, and unlocking direct supply linkages into high-demand belts.
• Farmer Network & FPO Partnerships: Established a strategic partnership with a local Farmer Producer Organisation (FPO) in Amravati, Maharashtra, to strengthen orange farmer linkages and develop orange processing           capabilities.
• Strategic Entry into Frozen Foods & Diversification into Value-Added Products: Acquired a 51% stake in Poona Agro Cart LLP, unlocking PFL’s entry into the frozen food processing sector. The strategic move broadens the value-added product portfolio with ready-to-cook frozen snacks, enhances processing infrastructure, and strengthens supply chain integration from fresh farmgate sourcing to value-added consumer products.
• Technology-led Transformation – Digital Ecosystem Advancement: Launched the proprietary PFL Pulse Field Application and PFL Setu platforms, advancing PFL’s digital infrastructure to boost field-force productivity, enhance supply chain traceability, and optimize process efficiency across back-to-forward supply chain operations.

Forward Outlook & Strategic Focus: Building upon robust performance in H1 FY27 and the steady realization gains across core operations, PFL remains focused on four core execution priorities:

1. Core F&V Scalability: Accelerating fresh produce volume growth and expanding institutional/wholesale market linkages.

2.    Margin Enhancement: Scaling value-added processing and high-margin product categories.

3.   CDP Project Execution: Leveraging the Nashik hub to deepen farmer/FPO integration and state-of-the-art cold-chain capabilities.

4.   Operational Discipline: Enhancing digital controls and transaction efficiency to sustain long-term earnings quality.

Commenting on the performance, Mr. Hiren Ghelani, Director said:

Dear Shareholders, Prime Fresh Limited continued its growth momentum during Q2 and H1 FY27, delivering healthy revenue growth and improved profitability while making meaningful progress towards our long-term strategic objectives. Our performance was supported by cost rationalization, favorable onion pricing, inventory gains, higher product realizations and an improving product mix, reflecting our ability to leverage market opportunities and strengthen operating efficiencies.

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing)

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