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Earnings Call

Madhusudan Masala Earnings Call: Key Takeaways

Madhusudan Masala reports strong Q3 FY26 results with Revenue at ₹763.2M (+20.3% YoY) and PAT at ₹47M (+104% YoY), driven by improved capacity utilization and branded sales growth.

Highlights
Revenue growth20.3% YoY for Q3 FY26; 19.3% for 9M FY26.
MarginsEBITDA margin expanded 357 bps YoY to 10.8% in Q3.
Demand visibilityStrong; units operating at 98-100% capacity utilization.
Management confidenceHigh; projecting over 30% growth for full year FY26.

Growth

Q3 Revenue grew 20.3% YoY; EBITDA surged 79.6% YoY. 9M FY26 Revenue at ₹1,945.4M (+19.3% YoY).

Outlook

Guided 30% CAGR through 2030. Phase 1 greenfield capacity (6,000 MT) operational by Oct 2026; ₹18cr capex.

Risks

Inflationary commodity cycles (chilli, turmeric, coriander) and reliance on outsourcing until new capacity is commissioned.

Source

Earnings Call filed with NSE, NSE: MADHUSUDAN. Summary written with AI assistance from the document.

Read the document ↗

Madhusudan Masala Ltd: key numbers

Share price
₹235.50
Market cap
₹380.0 Cr
Revenue (annual)
₹261.5 Cr
Net profit (annual)
₹16.16 Cr
P/E (TTM)
23.5×Sector 29.0×
Promoter holding
70.47%+0.00% QoQ
FII holding
0.68%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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