Mumbai | 15 May 2026
For Indians living abroad, the search for an authentic taste of home rarely ends. The right kaju, the right kishmish, the right kulfi-style ice cream — these things matter in a way that’s hard to explain to anyone who hasn’t packed a suitcase full of dry fruits before a flight to Newark or Narita.
That’s the gap a fast-growing Mumbai-listed FMCG company, Krishival Foods Limited (NSE: KRISHIVAL | BSE: 544416), is positioning itself to fill. The company announced its unaudited results for Q4 and FY26 today, posting a 48% jump in revenue and a 64% rise in profit after tax — and importantly for NRI readers, signalling a sharper push into export markets where Indian diaspora communities are concentrated: Singapore, the United States, and Japan.
Why this matters for the diaspora
Two trends are quietly converging.
First, India’s premium-but-accessible snack brands are finally building the scale and cold-chain infrastructure needed to ship reliably overseas. Krishival has now deployed more than 15,490 deep freezers across India and expanded its ice cream brand Melt N Mellow to 34,200+ retail touchpoints across five southern and western states. That same logistical muscle is what makes exporting frozen and packaged Indian goods to NRI grocers viable.
Second, the company is doubling down on the kinds of products diaspora households actually buy in bulk: dry fruits and nuts under the Krishival Nuts brand (now at 67 SKUs), and India-style ice cream and frozen desserts under Melt N Mellow (189 SKUs).
For Indian-origin families in the Bay Area, Jersey City, Singapore’s Little India, or Tokyo’s growing South Asian pockets, that’s a meaningful expansion of choice beyond the handful of legacy brands that currently dominate NRI store shelves.
The numbers, in plain English
The nuts and dry fruits business — the kind of stuff that fills every Diwali gift hamper and NRI care package — grew 20.8% in FY26 to ₹211 crore (roughly US$25 million), with profit margins crossing the 10% mark. Steady, profitable, scaling.
The more interesting story is Melt N Mellow, the ice cream arm. Revenue nearly doubled, growing 95% to ₹95.42 crore, and the segment turned profitable for the first time, posting a 7% EBITDA margin. As Krishival’s leadership noted, it’s one of the few emerging multi-state Indian ice cream brands scaling while actually making money rather than burning it.
The company also closed a ₹100 crore rights issue during the year, with proceeds going toward capacity expansion, cold-chain build-out, and supply chain depth — all foundational for serious export ambition.
What’s next, including for overseas markets
Chairman Sujit Bangar described FY26 as “a defining year” and flagged continued investment ahead. On the diaspora-relevant side, the company has explicitly listed strengthening its export footprint across Singapore, the US, and Japan as a strategic priority for the year ahead.
Domestically, 25 company-owned Melt N Mellow ice cream parlours are planned across Mumbai and Pune in FY27 — worth noting for NRIs who travel back home and want to know what’s actually worth trying on the next trip.
The bigger picture
India’s mid-tier FMCG companies — neither giants like ITC nor purely local players — are increasingly the ones building the bridge between Indian consumption culture and the diaspora. Krishival’s FY26 results suggest it’s positioning itself as one of them: profitable enough to fund expansion, focused enough to know its categories, and now publicly ambitious about overseas markets where Indian-origin consumers are waiting.
For diaspora readers, the next year is worth watching. The brands you see on the shelves of your local Indian grocer in Singapore or Edison, New Jersey, are quietly being shaped by decisions being made in Mumbai boardrooms right now.
This is a sponsored feature. To learn more about Krishival Foods Limited and its brands, visit www.krishival.com.
