| Revenue growth | Q2 +82% YoY; H1 +74% YoY |
|---|---|
| Margins | EBITDA 19.3% Q2 vs 23.6% LY; gross margin 38.2% vs 50.8% |
| Demand visibility | Management cites rising demand; no quantified order book |
| Management confidence | Upbeat tone; margin-expansion claim contradicted by numbers |
Growth
Q2 revenue Rs.136.5 Cr, +82% YoY, -6.7% QoQ; PAT Rs.17.6 Cr, +66.9%. H1 revenue +74%.
Outlook
No quantified guidance. Roha pharma 200 MT/month and Dahej 300 MT/month capacity projects; pilot plants ready.
Risks
Gross margin 38.2% vs 50.8%; EBITDA margin down ~430bps YoY, contradicting management's 'expanded 400bps' claim. Receivables up 19% since Mar-26.
Last quarter's promises, checked
Delivered
- Guided 'highly robust' FY27 demand, full Dahej/Roha utilisation (no figures) → H1 revenue +74% YoY; utilisation not disclosed (= BEAT, unquantified)
Partly delivered
- Guided Rs75-85cr Dahej capex, 18-mth commissioning → land acquired, Rs25cr H1 investing outflow, no project split (= PARTIAL)
Missed
- Guided no incremental working capital → receivables +19% since Mar-26 (= MISS)
- Guided mfg EBITDA ~24-25%, rising further → consolidated EBITDA 19.3% vs 23.6% LY (= MISS; bases differ)
- Guided high-value share 10-12% in FY27 → not disclosed (= MISS)
Investor Presentation filed with NSE, NSE: VIDHIING. Summary written with AI assistance from the document.
Vidhi Specialty Food Ingredients Ltd: key numbers
- Share price
- ₹306.40
- Market cap
- ₹1,530 Cr
- Revenue (annual)
- ₹380.0 Cr
- Net profit (annual)
- ₹48.96 Cr
- P/E (TTM)
- 25.4×Sector 34.1×
- Promoter holding
- 64.27%+0.00% QoQ
- FII holding
- 0.07%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Vidhi Specialty Food Ingredients Ltd
All →Vidhi Specialty Food Ingredients Earnings Call Transcript: Key Takeaways
Vidhi reported strong revenue growth driven by trading volume, while manufacturing margins remained stable despite geopolitical disruptions.
Vidhi Specialty Food Ingredients Management Change
Mr. Ashit K. Doshi resigned as Independent Director of Vidhi Specialty Food Ingredients Ltd on October 26, 2026, citing personal reasons. He exited Audit and N&R Committees.
Vidhi Specialty Food Ingredients Q2 FY27 Results: Net Profit ₹17.6 Cr, Up 66.0% YoY
Vidhi Specialty Food Ingredients Ltd reported revenue from operations of ₹136.5 Cr (+82.0% YoY) and net profit of ₹17.6 Cr (+66.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹17.6 Cr · +66.0% YoY
Vidhi Specialty Food Ingredients Board Meeting Date
Vidhi Specialty Food Ingredients intimated a board meeting on 26 Oct 2026 to consider unaudited Q2 FY27 results. No financial figures are disclosed in this advance intimation.
Vidhi Specialty Food Ingredients Other Announcement
The company submitted its quarterly shareholding pattern under Regulation 31(1)(b) for the period ended September 30, 2026.
Vidhi Specialty Food Ingredients Annual General Meeting
Vidhi Specialty Food Ingredients Limited held its 33rd Annual General Meeting on September 24, 2026, where members voted on ordinary and special business resolutions.