Empyrean Cashews declares Q4FY22, FY22 earnings - Key details to know

Empyrean Cashews has reported its earnings following its listing. The company that went public recently has posted revenue of Rs 12.41 cr for Q4FY22 and Rs 52.2cr for FY22. The firm’s EBITDA margin expanded by 2.1% touching 13.3% in FY22. Moreover, the EPS stands at Rs 2.27 in FY22

Empyrean Cashews Limited says it is aiming to create a strong brand presence and hence is planning to set up 4 COCO outlets in Q2 FY23. Moreover, the company says that to capture higher retail customers the company is planning to widen its digital footprint and will be starting its own e-commerce portal in FY23.

After going public in March 2022, this is first earning post listing of the firm.

Commenting on the announcement of FY22 earnings, Aparna Morale Bangar, Chairperson & Managing Director, Empyrean Cashews Limited said, “The company has shown very strong performance for March 2022. We are confident that brand ‘Krishival’ will keep growing its footprints across india and cement its position as leader in nuts and healthy food segment.“

"The Company is progressing firmly on its growth path and in order to bolster its growth it aims to  expand its footprint to over 100 cities tier II and tier III cities in FY23 from 42 cities currently. Empyrean is also looking to enhancing its production capacity and one of its subsidiaries has recently been allotted a 5- acre plot in Halkarni, MIDC in Kolhapur district which is adjacent to its existing processing units. This plot will be utilised for setting up an additional ultra-modern processing unit which will help the Company in accelerating growth and significantly improving its capacity and capability for processing other dry fruits along with cashew nuts," the company added in a statement.