Leo Dryfruits & Spices
By Chaitanya | BBA Finance Graduate & 6+ Years of Experience in Stock Market & Finance
Leo Dryfruits & Spices Trading Limited, a prominent player in India’s food sector, has recently made headlines by securing a significant order. The company, known for its quality spices, dry fruits, and other grocery essentials, is set to supply its products to Kendriya Police Kalyan Bhandar (KPKB), reinforcing its strong market presence and operational capabilities.
Incorporated in November 2019 and headquartered in Thane, Maharashtra, Leo Dryfruits & Spices has quickly carved a niche for itself. Under the visionary leadership of CEO Kaushik Shah, the company operates with a dedicated team of 45 employees. It manages two distinct brands: VANDU, which focuses on a wide range of spices and dry fruits, and FRYD, dedicated to frozen and semi-fried products. Their diverse product portfolio includes whole spices like ajwain, cardamom, and black pepper, along with popular blended spices such as garam masala and pav bhaji masala. Beyond spices, they offer premium dry fruits like almonds, cashews, and pistachios, along with ghee, seasonings, and namkeen.
Landmark Order from Kendriya Police Kalyan Bhandar
In a significant development that underscores its growing influence, Leo Dryfruits & Spices has secured a substantial order valued between Rs 25-30 crore from the Kendriya Police Kalyan Bhandar (KPKB). This major contract involves the supply of a variety of essential items including spices, dry fruits, ghee, and namkeen, highlighting the company’s trusted reputation and capacity to meet large-scale demands. This partnership signifies a crucial step in the company’s expansion, reaching a broader consumer base through an established government channel.
The company caters to various market segments, including B2B (bulk trading), B2C (through distributors and e-commerce platforms), and D2C (direct to consumer), ensuring a comprehensive reach across different customer needs. This multi-channel approach has been key to its consistent growth.
Impressive Financial Performance and Growth Trajectory
Leo Dryfruits & Spices has demonstrated robust financial performance, reflecting its efficient operations and expanding market footprint. For the fiscal year ending March 31, 2024, the company reported impressive figures. As per company filings, its Net Sales stood at Rs 62.17 crore, with a Net Profit of Rs 6.73 crore. The financial statements further reveal a healthy Operating Profit Margin of approximately 17.26% and a Net Profit Margin of about 10.7%, indicating strong profitability. The company’s Return on Equity was a notable 19.6%.
Delving deeper into its financial health, the company incurred Employee Expenses of Rs 0.96 crore and Interest Expenses of Rs 1.37 crore for the same period. The historical financial data also paints a picture of remarkable growth:
| Date | Revenue (Rs crore) | Earnings (Rs crore) | G&A Expenses (Rs crore) | R&D Expenses (Rs crore) |
|---|---|---|---|---|
| 31 Mar 2024 | 62.2 | 6.6 | 13 | 0 |
| 31 Mar 2023 | 36.4 | 3.9 | 3 | 0 |
| 31 Mar 2022 | 5.3 | 0.1 | 0 | 0 |
The growth story doesn’t end there. Leo Dryfruits & Spices has achieved an impressive average annual Earnings Growth Rate of 89.6% and a Revenue Growth Rate of 83.8%. The company’s Earnings Per Share (EPS) has also seen a significant growth rate of 28.7%. Furthermore, its Net Margins have shown improvement, rising from 10.6% to 10.7%, underscoring efficient cost management. The company also maintains positive Free Cash Flow, despite an increase in Investing outflow of Rs 0.58 crore, marking a 117.8% year-on-year rise.
Stock Market Presence and Latest Updates
For investors keen on the company, Leo Dryfruits & Spices Trading Limited is listed on the Bombay Stock Exchange (BSE) with the ticker symbol 544329. The company follows an April to March fiscal year, with all reporting done in Indian Rupees (INR).
Recent developments continue to highlight the company’s upward trajectory:
- August 8, 2025: The company reported a profit after tax (PAT) growth of 21.32% for the latest fiscal year ending March 31, 2025, with continued improvements in operating margins, according to market reports.
- May 20, 2025: Company confirmed ongoing growth in earnings and revenue, with a 56.9% average annual revenue growth and 12.8% return on equity.
- January 2025: The company continues expanding product lines and market presence with its VANDU and FRYD brands, focusing on quality and retail distribution partnerships.
The consistent growth in earnings and revenue, coupled with strategic market expansions and significant orders like the one from KPKB, position Leo Dryfruits & Spices as a dynamic and promising entity in the Indian food sector. Its commitment to quality and diverse product offerings is setting the stage for continued success.
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