ALFA Finder India's fastest NSE & BSE filing alerts on Telegram, filtered to the stocks you hold Telegram alerts alfafinder.com →
Thursday, 12 November 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

Madhusudan Masala Earnings Call Transcript: Key Takeaways

Q2 revenue ₹97.7 Cr (+116% YoY), H1 ₹196 Cr (+65.8%); H1 PAT ₹12.9 Cr (+68%). Branded mix 70%. EBITDA margin fell to ~11% from 14.5%, attributed to super-stockist margins.

Guidance and delivery
Management target Revenue 35.0% 2030
Highlights
Revenue growthQ2 ₹97.7 Cr, +116% YoY; H1 ₹196 Cr, +65.8% YoY.
MarginsQ2 EBITDA ~11% vs 14.5% LY; management says ≥11% firm.
Demand visibilityGovt curbs on unbranded loose spices support branded demand shift.
Management confidenceConfident on growth; evasive on FY30 path; conservative guidance framing.

Growth

Q2 revenue +116% YoY, roughly flat QoQ; H1 +65.8%. Volume/price split not quantified on the call.

Outlook

Guides 30–40% CAGR over 5–6 years; Sanosara plant (6,000 MT) production targeted from end-November; EBITDA above 11% called firm.

Risks

EBITDA margin down ~3.5ppt YoY; commodity price volatility; management conceded 30–40% CAGR falls short of 1% share target.

Source

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

Read the document ↗

Madhusudan Masala Ltd: key numbers

Share price
₹269.20
Market cap
₹434.4 Cr
Revenue (annual)
₹261.5 Cr
Net profit (annual)
₹16.16 Cr
P/E (TTM)
26.9×Sector 29.0×
Promoter holding
70.44%
FII holding
0.68%Current quarter

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

More from Madhusudan Masala Ltd

All →
16:47 IST NSE
SME to Main Board Migration

Madhusudan Masala SME to Main Board Migration

Madhusudan Masala seeks shareholder approval via postal ballot to migrate listing from NSE Emerge to NSE and BSE Main Boards. E-voting closes 3 December 2026.