Krishival Foods’ shares inched up nearly 1% on Thursday to ₹480.25 after the company announced that its board had approved a fundraise through the issuance of partly paid-up equity shares. The FMCG stock is now just 5% short of its 52-week high of ₹508 and has delivered an impressive 91% year-to-date return.
In a regulatory filing, the company said its board, in a meeting on November 26, cleared a proposal to raise up to ₹10,000 lakh via a rights issue of partly paid-up equity shares with a face value of ₹10 each. The board will later finalise key details, including the issue price, entitlement ratio, record date, payment terms and other conditions related to the rights issue.
In Q2 FY26, Krishival Foods reported a net profit of ₹5.62 crore, an increase of 13.8% from ₹4.94 crore a year earlier. Operating revenue jumped 50% year-on-year to ₹66.67 crore, driven by ₹53.05 crore from the nuts segment and ₹13.62 crore from the ice cream division. Chairperson Sujit Bangar said growth was supported by deeper distribution in Tier II and III markets, strong modern trade performance and expansion in both product segments.
