Cremica Food Industries Limited
Cremica Food Industries Limited
INE404T01016
Incorporation Date: 24-Jun-2013
Listing Status: DRHP Not Filed
About Cremica Food Industries Limited
Overview of Cremica Food Industries Limited
Cremica Food Industries Limited (CFIL) is a leading Indian food processing company focused on mayonnaise, ketchup, sauces, dressings, spreads, and food ingredients. Over four decades, it has evolved into a trusted supplier for leading QSR chains, HoReCa customers, and retail consumers, backed by a strong focus on quality and innovation.
Business Overview
Cremica operates a predominantly B2B model, with 89% of revenue coming from institutional customers and 11% from retail. The company serves leading QSR brands such as McDonald's, KFC, and Subway, leveraging long-standing customer relationships and manufacturing capabilities.
Product Portfolio
The company offers 85+ SKUs across:
Mayonnaise
Ketchup
Specialty Sauces
Salad Dressings
Chutneys & Spreads
Dips
Small Portion Packs (SPPs)
Tomato Paste & Food Ingredients
Cremica was among the pioneers of vegetarian mayonnaise in India and is a leading producer of condiment portion packs.
Market Presence & Distribution
Channel Mix
HoReCa: 65%
QSR: 23%
Retail: 11%
Exports: 1%
Regional Presence
North: 55%
West: 28%
South: 10%
East: 6%
The company reaches over 5.5 lakh outlets through general trade, modern trade, e-commerce, quick commerce, and institutional channels.
Key Strengths
Strong QSR Relationships: Long-term partnerships with McDonald's, KFC, Subway, and other food-service brands.
Category Leadership: Established position in mayonnaise, ketchup, and specialty sauces.
Strong Brand Recall: Generates over 500 million annual consumer touchpoints through portion packs and institutional channels.
Integrated Manufacturing: Operates a 55-acre food park with backward integration into key ingredients.
High Growth Potential: Revenue is projected to grow from ₹320 crore in FY25 to ₹709 crore by FY28.
Experienced Management: Led by Akshay Bector with over three decades of industry experience.
Insights of Cremica Food Industries Limited
Financial Snapshot
| Metric (₹ Cr) | FY26E | FY25 | FY24 |
|---|---|---|---|
| Revenue | 370 | 320 | 289 |
| EBITDA | 52 | 32 | 22 |
| PAT | 22 | 9 | 16 |
Key Takeaways
- Revenue expected to grow at a 13.1% CAGR between FY24 and FY26E.
- EBITDA projected to more than double from ₹22 Cr to ₹52 Cr, indicating operating leverage.
- PAT expected to recover sharply in FY26E after a subdued FY25.
- Improving margins suggest benefits from scale, product mix improvement, and distribution expansion.
Industry Overview
India's packaged foods and condiments market is benefiting from several long-term structural trends:
- Rising urbanization and increasing disposable incomes.
- Growing demand for convenience and ready-to-eat food products.
- Expansion of quick commerce, e-commerce, and modern retail channels.
- Rapid growth of organized QSR chains and food-service operators.
- Increasing consumer preference for branded and hygienically manufactured food products.
The Indian sauces, dressings, spreads, and condiments category remains underpenetrated compared to developed markets, providing significant headroom for growth. As consumers increasingly shift toward branded products, companies with strong manufacturing capabilities, distribution networks, and institutional relationships are expected to gain market share.
IPO & Listing Update
As of June 2026, Cremica Food Industries has not filed a DRHP/UDRHP with SEBI and remains an unlisted company. There has been market speculation regarding a potential IPO given the company's scale, profitability, and participation in a high-growth food segment, but no formal filing has been made publicly.
Financial Charts of Cremica Food Industries Limited
Balance Sheet of Cremica Food Industries Limited
Profit and Loss of Cremica Food Industries Limited
Ancillary of Cremica Food Industries Limited
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Cremica Food Industries Limited
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How to buy Cremica Food Industries Limited?
Below are three ways through which you can purchase Cremica Food Industries Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Cremica Food Industries Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Cremica Food Industries Limited?
Below are three ways through which you can sell Cremica Food Industries Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Cremica Food Industries Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Cremica Food Industries Limited?
We provide a two way quote on all the shares we deal in. Your buy price for Cremica Food Industries Limited is ₹N/A and your sell price for Cremica Food Industries Limited is ₹N/A. The price is based on our estimates and market conditions.
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What is the lock-in period of Cremica Food Industries Limited?
The lock-in period for Cremica Food Industries Limited varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Cremica Food Industries Limited
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Cremica Food Industries Limited
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Cremica Food Industries Limited price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Cremica Food Industries Limited. The price is also determined from the most recent funding round for Cremica Food Industries Limited. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Cremica Food Industries Limited?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Cremica Food Industries Limited with us kindly click here.
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What are the financials of Cremica Food Industries Limited?
The financials of Cremica Food Industries Limited which includes the P/L of Cremica Food Industries Limited and the Balance Sheet of Cremica Food Industries Limited is in the financials section (Click on link).
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Where can I find the annual report of Cremica Food Industries Limited?
The annual report of Cremica Food Industries Limited is available in the annual report section (Click on link).
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Is buying Cremica Food Industries Limited legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Cremica Food Industries Limited?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Cremica Food Industries Limited and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Cremica Food Industries Limited once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Cremica Food Industries Limited?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Cremica Food Industries Limited from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
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We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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