Rs 700-800 million revenue: Company expands its product portfolio with innovative rice-based offerings, reinforcing its commitment to health-conscious and convenient meal solutions

From Re 0.86 to Rs 10.78 per share (intraday high), the stock gave multibagger returns of 1,153.5 per cent in 3 years.

Sarveshwar Food Limited, a rising star in the agri-food sector hailing from Jammu, announces the expansion of its product portfolio with a diverse range of rice-based offerings. This strategic move underscores the company's unwavering commitment to innovation, quality, and catering to the evolving preferences of health-conscious and discerning consumers.

In response to the surging demand for healthier, convenient, and flavorful food options, Sarveshwar Food has meticulously crafted a series of new products as part of its robust new product development (NPD) strategy. These offerings are designed to not only enhance and expand the company's product portfolio but also deliver exceptional nutritional benefits and authentic culinary experiences.

The newly introduced product range includes a variety of delectable rice-based options: Turmeric Rice, infused with the warm, earthy flavour of turmeric, offers anti-inflammatory benefits while adding a distinctive taste and vibrant colour. Spice Mix Rice, a tantalizing blend of aromatic spices combined with high-quality rice, delivers a robust flavour profile that is perfect for those seeking easy-to-prepare, flavourful meals. Khichadi Rice, a comforting blend of rice and lentils spiced with traditional seasonings, is ideal for a nutritious and quick meal, combining convenience with a balanced mix of proteins and carbohydrates. Vegetable Rice, featuring premium rice mixed with a vibrant assortment of vegetables, provides a healthy and easy-to-prepare meal option. Finally, Black Rice, known for its rich antioxidant properties and deep colour, offers a nutrient-dense, slightly nutty flavour, making it a healthful addition to a variety of dishes.

Sarveshwar Food's new product range is poised to solidify the company's leadership in innovative food solutions. Each product, developed through thorough market research and a commitment to sustainability and quality, blends high-quality ingredients with traditional and functional elements like spices and herbs. This approach addresses diverse dietary needs while upholding the company's core values of quality and authenticity.

The company anticipates that the new product range will generate Rs 700-800 million in annual revenue with improved profit margins. These products will soon be launched under the 'NIMBARK' brand and made available across India at high-end domestic retailers and select international markets through the wholly-owned subsidiary 'Himalayan Bio Organic Foods Limited' this festive season. Additionally, Sarveshwar Food will showcase these offerings in its stores and at upcoming food expos, providing consumers and industry professionals with an opportunity to sample the new flavours.

About the Company

For over 130 years, Sarveshwar Foods Limited (SFL) in Jammu & Kashmir has been a leading name in rice cultivation, processing, and trade. They handle both Basmati and non-Basmati varieties for domestic and international markets. Himalayan snowmelt nourishes their crops alongside organic manure, reflecting their commitment to sustainable practices. This dedication to eco-friendly methods extends to their ‘NIMBARK’ brand of organic products, which embodies their philosophy of promoting a ‘SATVIK’ lifestyle focused on conscious living. Notably, SFL holds a significant achievement as the first private-sector food company in Jammu & Kashmir to be listed on both the National Stock Exchange (SARVESHWAR) and the Bombay Stock Exchange (543688).

The company has a market cap of over Rs 1,000 crore with a 3-year stock price CAGR of 150 per cent. According to Quarterly Results, revenue surged 24 per cent year-on-year to Rs 233.05 crore in Q1FY25, driven by increased rice supply and expanded customer base through the government's Bharat Rice Scheme. Additionally, a significant export order worth USD 6 million boosted performance. In its annual results, the net sales increased by 26.2 per cent to Rs 869.59 crore and net profit increased by 119.2 per cent to Rs 17.34 crore in FY24 compared to FY23.

The company's shares have ex-traded bonus shares and stock split in the financial year 2023 – 2024, i.e., 2:1 bonus shares and stock split from a face value of Rs 10 to Rs 1. The stock gave multibagger returns of 167.5 per cent from its 52-week low of Rs 4.03 per share. From Re 0.86 to Rs 10.78 per share (intraday high), the stock gave multibagger returns of 1,153.5 per cent in 3 years. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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