IFB Agro Industries News

IFB Agro Industries Reports Strong Q2 Performance with Revenue Up 39% and Net Profit Surging Over 10x

IFB Agro Industries delivered robust quarterly results with revenue rising to 5.3 billion rupees from 3.8 billion rupees year-over-year. The company's consolidated net profit jumped significantly to 227 million rupees compared to 20.9 million rupees in the same period last year. EBITDA increased substantially to 373 million rupees from 49.9 million rupees, while EBITDA margin expanded to 7% from 1.3% year-over-year, indicating improved operational efficiency and profitability.

IFB Agro Industries Completes Rs 110 Crore Acquisition of Cargill's Aqua Feed Business in India

IFB Agro Industries Limited has completed the acquisition of Cargill India Private Limited's entire commercial compound shrimp feed and freshwater fish feed business in India for Rs 110 crores. The deal, executed through a Business Transfer Agreement dated May 30, 2025, includes feed formulations, assets, contracts, liabilities, licenses, employees, and two manufacturing facilities in Vijayawada and Rajahmundry, Andhra Pradesh. The acquisition was completed on July 31, 2025, with operations at the acquired facilities set to commence from August 1, 2025. The transaction was structured as a slump sale on a going concern basis, with the consideration subject to working capital and other agreed adjustments.