Euro India Fresh Foods Limited is a prominent Indian FMCG player specializing in the manufacturing and marketing of a diverse range of **100% vegetarian** packaged foods and beverages. Operating under the flagship brand **"Euro – Fresh Khao Healthy Raho,"** the company targets urban, semi-urban, and rural markets with a philosophy centered on the "Euro Health Funda": products that are **GMO-free**, contain **0% Cholesterol**, and **0% Trans Fat**. --- ### **Strategic Manufacturing Consolidation & Infrastructure** The company is currently executing a strategic shift in its operational footprint to enhance efficiency and capacity utilization. * **Operational Migration (2025-2026):** EIFFL has transitioned its primary manufacturing from the original **Ichhapore, Surat** unit to a modern facility at **Euro Food Park, Navsari** (Block No. 1862, Chikhli). * **Asset Optimization & Related Party Synergy:** The company operates from the Navsari premises via a lease agreement with **J R Foods & Beverages**. Plant and machinery from the closed Surat unit have been redeployed; while some are used directly by EIFFL (Plots 10 and 15), others are leased to J R Foods & Beverages (Plots 11, 13, 14, and 16) for contract manufacturing on behalf of the company. * **Quality & Technology Standards:** All facilities maintain **ISO 22000:2005** and **FSSAI** certifications. The production lines utilize **automated processing**, industrial peelers, dryers, and **metal detection** systems to ensure minimal human contact. * **Freshness Protocols:** Products are free from **MSG, artificial colors, and gelatin**. The company utilizes **nitrogen-flushed**, multi-layer packaging to maintain shelf life without chemical preservatives. **Manufacturing Capacity Overview** | Facility/Line | Capacity / Detail | | :--- | :--- | | **Total Manufacturing Area** | **2,00,000 sq. ft.** | | **Warehousing Space** | **75,000 sq. ft.** | | **Potato Chips / Pellets** | **500 kg/hour** | | **Namkeen** | **20 tonnes/day** | | **Extruded Snacks (Fried/Baked)** | **300 kg/hour / 250 kg/hour** | | **Beverages & Packaged Water** | **7,200 bottles/hour (each)** | | **Confectionery (Chikki/Bars)** | **300 kg/hour** | | **Logistics Fleet** | **40 Dedicated Trucks** | --- ### **Diversified Product Portfolio** EIFFL markets a comprehensive range of over **175 SKUs** designed to capture various consumption occasions. * **Snacks & Savories:** Includes **Euro Chips**, **Euro Getmore**, **Ringoli**, **Wheels**, and **Puffs**. The **Namkeen** line features traditional favorites like Moong Dal, Khatta Meetha, and Farali Chiwda. * **Traditional & Health-Oriented:** Roasted **Khakhra** (**30 kg/hour** capacity), crispy **Bhakhri**, and ready-to-serve **Bhel**. * **Beverages:** Fruit juices under the **Fresho** brand (Mango), lemon-based **Lemoni**, and **Euro Aquaspa** packaged drinking water. * **Confectionery & Sweets:** Traditional Indian sweets, **Peanut Chikki**, and **Cereal Bars**. --- ### **Omni-Channel Distribution & Market Expansion** The company is transitioning from a regional powerhouse to a national brand, currently maintaining a presence in over **10 states**, including Gujarat, Maharashtra, Madhya Pradesh, Rajasthan, Karnataka, and Goa. * **Traditional Network:** Supported by **5 consignee depots**, **100+ super-stockists**, and **280+ distributors** reaching thousands of retail outlets. * **Digital & Direct-to-Consumer (D2C):** Operates the **Euro Home Delivery** platform and the **Euro Food Mart App** for localized retailing. * **Brand Visibility:** EIFFL leverages high-profile marketing, such as serving as the **Official Snacking Partner for the Gujarat Titans (IPL)**. * **Future Growth Targets:** The company plans to launch over **200 new franchise outlets** in the coming year and is actively expanding into **Chhattisgarh**. --- ### **Financial Performance & Capital Structure** Following its migration to the **NSE Main Board**, EIFFL has demonstrated robust fiscal growth and margin expansion. **Key Financial Metrics (FY24 vs. FY25)** | Metric | FY 2023-24 | FY 2024-25 | Growth (%) | | :--- | :--- | :--- | :--- | | **Revenue from Operations** | ₹ 111.24 Cr | **₹ 143.74 Cr** | **29.27%** | | **EBITDA** | ₹ 9.48 Cr | **₹ 13.67 Cr** | **44.19%** | | **Profit After Tax (PAT)** | ₹ 2.19 Cr | **₹ 5.60 Cr** | **155.25%** | | **Export Earnings (F.O.B)** | ₹ 2.16 Cr | **₹ 2.80 Cr** | **29.63%** | **Capital & Liquidity Profile** * **Debt-to-Equity Ratio:** Maintained at a conservative **0.59**. * **Current Ratio:** **2.21**, indicating strong short-term liquidity. * **Credit Ratings (July 2025):** Infomerics assigned **IVR BB+ / Stable** for long-term facilities and **IVR A4+** for short-term facilities. * **Dividend Policy:** The Board has **not recommended dividends** for the last three years, opting to reinvest **100% of profits** into marketing, distribution, and the new Navsari expansion. --- ### **Governance & Leadership** The company is led by the founding Sanspara family, with leadership continuity secured through **August 2028**: * **Mr. Manhar Jivanbhai Sanspara (Chairman & MD):** Remuneration capped at **₹ 30,00,000** p.a. * **Mr. Dinesh Jivanbhai Sanspara (Joint MD):** Remuneration capped at **₹ 24,00,000** p.a. * **Workforce:** Employs **465 permanent employees** (excluding labor). --- ### **Risk Management & Litigation** EIFFL operates a formal risk mitigation framework overseen by the Audit Committee. * **Tax Litigation:** The company is contesting a **GST demand of ₹5.82 Crore** (plus an equivalent penalty) from January 2025. The **Hon'ble High Court of Ahmedabad** has currently **stayed** the implementation of this order. * **Related Party Transactions:** For FY 2025-26, the company seeks approval for transactions with **J R Foods & Beverages** up to **₹300 crore** to facilitate its outsourced manufacturing model. * **Market Risks:** Mitigation includes long-term procurement contracts to manage **raw material volatility** and aggressive **R&D** to adapt to shifting consumer preferences toward **Frozen Foods** and **Protein Bars**. * **Credit & Currency Risk:** Credit risk is deemed **low** due to a diversified customer base. The company currently has **no foreign currency exposure** as exports are realized without outstanding forex payables/receivables.