Sarveshwar Foods’ Singapore Subsidiary Secures Rs. 445 Mn Order; Eyes Rs. 2000 Mn Annual Revenue

After Sarveshwar Foods' Singapore subsidiary Green Point Pte. Ltd. secured a 12,000 MT order for Indian long grain parboiled rice and aimed for an annual revenue of Rs. 2000 million, the company's shares ended Tuesday up 0.67% at Rs 9.04 a share. Sarveshwar Foods is in an advantageous spot to use its infrastructure and experience to shape both the domestic and international rice export industries as the demand for products made from rice keeps growing on a global scale.

Sarveshwar Foods Limited said on Tuesday that Green Point Pte. Limited, its Singaporean fully owned subsidiary, has won a significant contract to provide 12,000 MT of premium Indian long-grain parboiled rice, worth around Rs. 445 million. The subsidiary's strategic goal to generate over Rs. 2000 million in revenue this fiscal year includes this order. A door to the expanding worldwide market for rice and rice-based products is provided by the recently acquired Singaporean company Green Point Pte. With the worldwide market for rice-based products predicted to increase from USD 226.36 billion in 2023 to USD 361.41 billion by 2031 due to rising demand for gluten-free substitutes, this order further solidifies Sarveshwar Foods' dominance.

"We are excited about this significant order and the promising outlook for Green Point's contribution to our global business. With our focus on high-quality rice-based products and the growing preference for gluten-free diets, we are confident in achieving our Rs. 2000 Million target this year for this Singapore Subsidiary," said Mr. Rohit Gupta, Chairman, Sarveshwar Group, "and overall turnover of Rs. 10,000 Million (Rs. 1000 Crores) business for the Sarveshwar Foods Limited, taken its subsidiaries business together, for FY 2024-25, and that too with good margins"

For the quarter that ended in September of 2024 the net profit of Sarveshwar Foods climbed 68.53% to Rs 8.14 crore from Rs 4.83 crore in the September 2023 quarter. From Rs 205.22 crore in the September 2023 quarter to Rs 271.31 crore in the September 2024 quarter, revenues grew 32.20% YoY.

Sarveshwar Foods Ltd. has advanced significantly in sustainable agriculture and product innovation during the quarter. The company has partnered with Boomitra to improve sustainable farming techniques for more than 17,000 farmers on 45,000 acres.

In both the domestic and foreign markets, Sarveshwar Foods Limited (SFL) manufactures, trades, processes, and markets both branded and unbranded basmati and non-basmati rice. With the NSE symbol SARVESHWAR and the BSE Scrip Code 543688, SFL is the first private sector food firm in Jammu & Kashmir listed on both the NSE and BSE.