Sundrop Brands FY26: Growth, Margin Reset, and the Integration Roadmap

Proforma revenue from operations for FY26 was INR 1,549.4 crore, up 10% versus FY25 (proforma base).

Proforma EBITDA margin was 5.7% for FY26 and 7.2% for Q4 FY26, as presented in the proforma consolidated P&L tables.

Management stated 70+ new launches contributed about INR 60 crore, around 4% of overall sales in FY26.

Management stated popcorn mix is about 34% ready-to-eat and 66% ready-to-cook by value.

Management attributed it mainly to olive oil price correction and passing price reductions to consumers, leading to value decline despite volume growth.

Management said the two businesses largely operate independently currently; ERP integration to a common platform is underway with expected completion in about 12 to 14 months, and broader synergy benefits are expected to build into FY28.