Ovobel Foods Ltd. – Company Report
1. Company Overview
Ovobel Foods Ltd., established in 1996 and headquartered in Bangalore, Karnataka, is a global leader in the manufacturing and export of high-quality egg products. With advanced production facilities and a vertically integrated supply chain—from feed production to final egg processing—the company ensures complete quality control and food safety. Ovobel was acquired by third-generation promoters in 2020, deepening its industry roots dating back to 1965.
Ovobel’s client base spans the European Union, Japan, Southeast Asia, the Middle East, and Africa, making it a trusted supplier to the global food processing industry. The organization is known for its focus on rigorous quality, trust, and technological innovation, supported by a workforce of 51–200 employees.
- Incorporated: 1996
- Headquarters: Bangalore, Karnataka
- Employees: 51–200
- Ownership: Promoter family with legacy since 1965 (acquired in 2020)
- Executive Leadership: Mysore Satish Sharad (MD)
- Certifications: ISO 9001:2015, fully automated facility
- Export Markets: EU, Japan, Southeast Asia, Middle East, Africa
2. Products and Services
Ovobel Foods Ltd. specializes in the production, export, and distribution of a comprehensive range of egg-based products:
Egg Powders:
- Whole Egg Powder (W11, W12)
- Egg Yolk Powder (EYP)
- Egg Albumen Powder (EAP)
Pasteurized & Frozen Egg Products:
- Pasteurized Frozen Whole Egg
- Pasteurized Frozen Egg Yolk
- Pasteurized Frozen Egg Albumen
Customization: Products can be custom-blended with sugar or salt to suit specific customer requirements before pasteurization and drying.
Applications: Bakery, pasta, doughnut premixes, mayonnaise, baby food, fish & meat processing, omelets, pancake mixes, biscuits, cookies, wafers, chocolate, confectionery, burger patties, salad dressings, sauces, ice cream, health supplements, and food service sectors.
Key Advantages:
- 1-year shelf life (vs. 2 weeks for shell eggs)
- Rigorous pasteurization and safety testing
- Labor and cost savings for industrial users
- Reduces waste and operational risk in food processing
Ovobel employs high-speed equipment for egg breaking, followed by advanced filtration and pasteurization, ensuring premium quality and hygiene standards.
3. Recent News and Financial Performance
Seek Shareholder Approval for Related Party Transactions (October 2025)
- The first involves purchasing eggs and selling crushed egg shell powder to Ashraya Farms, owned by a company promoter, for up to ₹300 crore annually.
- The second is a 30-year land lease agreement with the Managing Director for 9.175 acres at an annual rent of ₹5,000 and a refundable deposit of ₹1.26 crore.
Strategic Asset Acquisition (March 2024):
- Acquired the Egg Powder Processing Unit of Bestovo Foods Pvt. Ltd. for ₹9 crore.
- Located in Koppal, Karnataka, the facility spans 3 acres and includes all structures and machinery.
- Expected to increase production capacity by ~30% immediately, with scope for up to 50% expansion through future upgrades.
Strategic Developments
- Commissioned additional capacity and expanded its export markets in value-added egg powders and customized blends.
- Continued focus on product innovation to meet evolving international food standards.
YoY Comparison:
- Revenue increased 8.99% from ₹179.82 crore (FY2024)
- Net Profit declined 49.37% from ₹17.89 crore (FY2024)
- OPM dropped from 12% to 5%
- EPS fell from ₹17.04 to ₹8.63
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹195.98 crore |
| Net Profit | ₹9.06 crore |
| Operating Profit | ₹8 crore |
| Operating Profit Margin | 4% |
| Net Profit Margin | 4.6% |
| EPS | ₹8.63 |