About Appetite Food
Appetite Food is a publicly listed company based in Mumbai (India) founded in 2020. Healthful snacks, laddu, and energy bars are provided. The company has 1 employees. Its Indian entity Sonalis Consumer Products Limited reported revenue of ₹150 Cr. Its focus areas include Food and Agriculture, Food & Beverage Products, Convenience Foods and Snacks. Its competitors include Yoga Bar, Open Secret and True Elements; 3 of its 3 listed competitors have raised funding.
Company details
Appetite Food was established in 2020 in Mumbai, India, within the food sector. Nutritious options such as snacks, laddu, energy bars, and additional products are offered through its operations. The company focuses on healthful food provisions, with activities centered in the Indian market. Its domain, appetitefood.in, supports online accessibility for these offerings.
- Headquarters Mumbai, India
- Employees 1
- Stage Public
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website appetitefood.in
- Social X Facebook
- Legal Name Sonalis Consumer Products Limited
- Market Cap₹12.77 Cr
SONALIS · BSE
- Share Price₹28.43
+5.73% today
- Revenue₹150 Cr
FY 2025-26 · +40.5% YoY
- EBITDA₹10.60 Cr
Margin 7.1%
- Net Profit₹8.68 Cr
FY 2025-26 · +228.8% YoY
- P/E (TTM)1.4x
P/B 0.4x
- Employee Count1
Associated legal entities of Appetite Food
Appetite Food operates through Sonalis Consumer Products Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sonalis Consumer Products Limited Listed CIN U52109MH2022PLC378461 | Active | 15 Mar 2022 | Mumbai, Maharashtra | ₹150 Cr | 10 | View details |
Board of directors of Sonalis Consumer Products Limited (Appetite Food)
Sonalis Consumer Products Limited is the primary company behind Appetite Food. The board of Sonalis Consumer Products Limited currently have 7 directors; the longest-serving is Sonali Nilesh Kocharekar, appointed in 2022. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sonali Nilesh Kocharekar DIN 09536461 | Managing Director | 15 Mar 2022 | 4 yrs 8 mo | Sonalis Consumer Products Limited |
| Smita Shashikant Shah DIN 09536462 | Whole-time director | 15 Mar 2022 | 4 yrs 8 mo | Sonalis Consumer Products Limited |
| Ekta Anuj Chugani DIN 09708289 | Director | 20 Aug 2022 | 4 yrs 2 mo | Sonalis Consumer Products Limited |
| Sundeep Paul Menezes DIN 09706081 | Director | 20 Aug 2022 | 4 yrs 2 mo | Sonalis Consumer Products Limited |
| Shivang Shashikant Shah DIN 07768265 | CFO | 03 Sep 2022 | 4 yrs 2 mo | Sonalis Consumer Products Limited |
| Sanjay Rajkumar Dua DIN 10537921 | Director | 20 May 2024 | 2 yrs 5 mo | Sonalis Consumer Products Limited |
| Devendrakumar Keshvlal Viradiya DIN 10825880 | Additional Director | 31 Oct 2024 | 2 yrs | Sonalis Consumer Products Limited |
IPO & Listings of Appetite Food
Appetite Food is a publicly listed company on the BSE with ticker symbol SONALIS in India, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date19 Jun 2023
- Listed onBSE: 543924
- Listed entitySonalis Consumer Products Limited
- Exchange sectorConsumer non-durables
- ISININE0N5O01013
- Share price₹32.67 (-1% on the day) · 2026-10-14
- Market capitalisation₹15.7 Cr
- Price to earnings1.8
- EPS (diluted, trailing year)₹17.75
- Volume (last session)2,000
Financials of Appetite Food
Exchange-reported figures of Sonalis Consumer Products Limited, the listed company behind Appetite Food (BSE: SONALIS).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 150 | 107 | 4.08 | 6.53 | 0.00 |
| Revenue growth | +40.5% | +2515.2% | -37.5% | - | - |
| EBITDA | 10.60 | 3.58 | 0.03 | 0.14 | 0.00 |
| EBITDA margin | +7.1% | +3.4% | +0.7% | +2.1% | - |
| Profit before tax | 10.03 | 3.56 | 0.04 | 0.02 | 0.00 |
| Net profit | 8.68 | 2.64 | 0.03 | (0.01) | 0.00 |
| Net profit margin | +5.8% | +2.5% | +0.7% | -0.2% | - |
| EPS (₹) | 18.25 | 13.27 | 0.11 | 0.03 | 0.00 |
| Balance sheet | |||||
| Total assets | 35.60 | 8.90 | 7.63 | 5.11 | 0.05 |
| Net worth | 32.84 | 8.31 | 5.66 | 2.82 | 0.05 |
| Total debt | 2.76 | 0.59 | 1.97 | 2.29 | 0.00 |
| Cash & bank | 0.47 | 0.51 | 1.12 | 1.33 | 0.05 |
| Net working capital | 27.98 | 8.87 | 7.58 | 5.04 | 0.05 |
| Cash flow | |||||
| Cash from operations | (9.82) | (0.60) | (3.01) | (1.31) | 0.00 |
| Cash from investing | (7.59) | 0.00 | (0.04) | (0.17) | 0.00 |
| Cash from financing | 17.37 | (0.01) | 2.83 | 2.81 | 0.05 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 150 | 107 | 4.08 | 6.53 | 0.00 |
| Revenue growth | +40.5% | +2515.2% | -37.5% | - | - |
| Other income | 0.04 | 0.01 | 0.03 | 0.00 | 0.00 |
| Total expenses | 139 | 103 | 4.05 | 6.39 | 0.00 |
| Employee cost | 0.00 | 0.09 | 0.20 | 0.38 | 0.00 |
| EBITDA | 10.60 | 3.58 | 0.03 | 0.14 | 0.00 |
| EBITDA margin | +7.1% | +3.4% | +0.7% | +2.1% | - |
| Depreciation | 0.16 | 0.02 | 0.02 | 0.11 | 0.00 |
| Interest | 0.45 | 0.01 | 0.00 | 0.01 | 0.00 |
| Profit before tax | 10.03 | 3.56 | 0.04 | 0.02 | 0.00 |
| Tax | 1.35 | 0.92 | 0.01 | 0.03 | 0.00 |
| Net profit | 8.68 | 2.64 | 0.03 | (0.01) | 0.00 |
| Net profit margin | +5.8% | +2.5% | +0.7% | -0.2% | - |
| EPS (₹) | 18.25 | 13.27 | 0.11 | 0.03 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 4.75 | 2.00 | 2.00 | 1.06 | 0.05 |
| Reserves & surplus | 28.09 | 6.31 | 3.66 | 1.76 | 0.00 |
| Shareholders' funds (net worth) | 32.84 | 8.31 | 5.66 | 2.82 | 0.05 |
| Secured loans | 0.23 | 0.03 | 0.04 | 0.05 | 0.00 |
| Unsecured loans | 2.53 | 0.56 | 1.93 | 2.24 | 0.00 |
| Total debt | 2.76 | 0.59 | 1.97 | 2.29 | 0.00 |
| Total liabilities | 35.60 | 8.90 | 7.63 | 5.11 | 0.05 |
| Assets | |||||
| Gross block | 0.73 | 0.20 | 0.20 | 0.17 | 0.00 |
| Net block | 0.42 | 0.05 | 0.07 | 0.06 | 0.00 |
| Capital work in progress | 7.15 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 9.04 | 10.90 | 4.08 | 3.00 | 0.00 |
| Sundry debtors | 31.32 | 39.55 | 0.94 | 0.86 | 0.00 |
| Cash & bank balances | 0.47 | 0.51 | 1.12 | 1.33 | 0.05 |
| Loans & advances | 0.25 | 0.95 | 4.08 | 0.97 | 0.00 |
| Total current assets | 41.08 | 51.91 | 10.22 | 6.16 | 0.05 |
| Total current liabilities | 13.10 | 43.04 | 2.64 | 1.12 | 0.00 |
| Net working capital | 27.98 | 8.87 | 7.58 | 5.04 | 0.05 |
| Total assets | 35.60 | 8.90 | 7.63 | 5.11 | 0.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 0.51 | 1.12 | 1.33 | 0.00 | 0.00 |
| Net cash from operating activities | (9.82) | (0.60) | (3.01) | (1.31) | 0.00 |
| Net cash from investing activities | (7.59) | 0.00 | (0.04) | (0.17) | 0.00 |
| Net cash from financing activities | 17.37 | (0.01) | 2.83 | 2.81 | 0.05 |
| Net change in cash | (0.04) | (0.61) | (0.22) | 1.33 | 0.05 |
| Closing cash | 0.47 | 0.51 | 1.12 | 1.33 | 0.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +40.5% | +2515.2% | -37.5% | - | - |
| EBITDA growth | +196.1% | - | -78.6% | - | - |
| PBT growth | +181.7% | +8800.0% | +100.0% | +9997.0% | +9997.0% |
| Net income growth | +228.8% | +8700.0% | +400.0% | - | - |
| Revenue CAGR (3Y) | +184.2% | - | - | - | - |
| EBITDA CAGR (3Y) | +323.1% | - | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +5.8% | +2.5% | +0.7% | -0.2% | - |
| Return on capital employed | - | +43.3% | +0.3% | +1.6% | 0.0% |
| Return on net worth | - | +37.9% | +0.5% | 0.0% | 0.0% |
| Debt / equity | - | 0.18 | 0.50 | 0.80 | 0.00 |
| Long-term debt / equity | - | 0.18 | 0.50 | 0.80 | 0.00 |
| Interest cover | 4.31 | 0.28 | 0.00 | 33.33 | - |
| Efficiency & per share | |||||
| Fixed asset turnover | - | 533.50 | 22.05 | 76.82 | 0.00 |
| Inventory turnover | - | 14.25 | 1.15 | 4.35 | 0.00 |
| Debtors turnover | - | 5.27 | 4.53 | 15.19 | 0.00 |
| EPS (₹) | 18.25 | 13.27 | 0.11 | 0.03 | 0.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 41.58 | 28.32 | 26.64 | 10.00 |
Competitors of Appetite Food
Appetite Food has 3 listed competitors in our database, 3 of them funded. They include Yoga Bar, Open Secret and True Elements.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| yogabars.in | 2014 | Bengaluru, India | $23.62M | 257 | Protein-based food products are offered via an online platform. | |
| opensecret.in | 2019 | Mumbai, India | $14.18M | 85 | Healthy snacks and beverages are provided via an online platform. | |
| true-elements.com | 2013 | Pune, India | $3.38M | 580 | Health snacks and supplements are manufactured and marketed. |
Detailed competitors of Appetite Food
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Appetite Food (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 61.39 M | 2,059 | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 143.51 M | 2,828 |
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Frequently Asked Questions about Appetite Food
Appetite Food was founded in 2020.
Appetite Food is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Appetite Food has 1 employees.
The primary company behind Appetite Food, Sonalis Consumer Products Limited, reported revenue of ₹150 Cr for FY 2026, up 40% year on year.
Appetite Food was established in 2020 in Mumbai, India, within the food sector. Nutritious options such as snacks, laddu, energy bars, and additional products are offered through its operations. The company focuses on healthful food provisions, with activities centered in the Indian market. Its domain, appetitefood.in, supports online accessibility for these offerings.
Appetite Food's top competitors include Yoga Bar, Open Secret and True Elements.
Yes, Appetite Food is publicly traded on BSE under the ticker symbol SONALIS.
Appetite Food operates through Sonalis Consumer Products Limited.
The legal entities of Appetite Food currently have 9 directors, including Ekta Anuj Chugani, Sundeep Paul Menezes, Sanjay Rajkumar Dua and others.