Financials & Economic Updates

The Group’s balance sheet improved during the quarter, with solid cash flow reducing net debt by EUR 34 million and leverage to 2.1x.

Sales increased by +0.7%, including a positive impact from scope (+0.7%), resulting predominantly from the acquisition of Kate Farms in the USA.

Heritage Nutrivet, a subsidiary, delivered strong results with revenue of US$65.93 million (INR 581.00 crore) and PBT of US$6.12 million (INR 54.00 crore).

Ice Cream Demerger expected to complete in Q4 2025.

The Company’s performance highlights the success of its market-driven strategies and focus on operational excellence, positioning Baladna for sustained growth.