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Earnings Call

Madhusudan Masala Earnings Call: Key Takeaways

Madhusudan Masala reports strong FY26 consolidated performance with 26% revenue growth, transitioning from a regional player to a national FMCG brand through its acquisition of Vitagreen.

Highlights
Revenue growth26.3% YoY for FY26.
MarginsEBITDA margin improved 82 bps YoY to 11.3% in FY26.
Demand visibilityStrong regional dominance with 35% market share in Saurashtra.
Management confidenceHigh, targeting 30% CAGR over next 3-5 years.

Growth

FY26 Revenue Rs 2,917 Mn (+26.3% YoY); EBITDA Rs 330 Mn (+36.2% YoY); Adj. Net Profit Rs 185 Mn (+54.8% YoY).

Outlook

Management explicitly guides for an expected CAGR of ~30% over the next 3 to 5 years; Greenfield expansion adds 6,000 MT capacity by Sept 2026.

Risks

Fragmented industry competition from national brands and regional players; execution risks in scaling distribution across North India.

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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