| Management target | Revenue FY28 |
|---|
| Revenue growth | 82% YoY surge, primarily driven by opportunistic trading and manufacturing ramp-up. |
|---|---|
| Margins | EBITDA margins improved to 19.3% from 18.5% on sequential basis. |
| Order book | Current order position for H2 FY27 looking similar to H1 FY27. |
| Demand visibility | Steady demand in food colors; pharma segment approval cycles remain long. |
| Management confidence | Balanced; optimistic about capacity utilization but cautious regarding global geopolitical risks. |
Growth
Revenue rose 82% YoY; manufacturing revenue grew 9% QoQ while low-margin trading revenue surged.
Outlook
Dahej expansion targets ₹225-250 Cr additional revenue by FY28 on ₹75-85 Cr capex.
Risks
High freight costs and Red Sea disruptions impact exports to US/Europe markets.
Last quarter's promises, checked
Partly delivered
- Guided ₹125-150 Cr Dahej phase-1 sales → ₹225-250 Cr by FY28, raised (= PARTIAL)
- Guided 10-12% high-value share FY27 → 'improving', no % given (= PARTIAL)
- Guided ₹75-85 Cr Dahej capex → same figure, spend unreported (= PARTIAL)
Missed
- Guided full Dahej+Roha use FY27 → Dahej at 90% by year-end (= MISS)
- Guided ₹5-12 Cr Coat-Icon capex → ₹25-35 Cr (= MISS)
Earnings Call Transcript 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 Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue Rs.136.5 Cr (+82% YoY), PAT Rs.17.6 Cr (+66.9%), EBITDA margin 19.3% (down ~430bps YoY). Strategy centres on tablet coatings (Coat Icon) and capacity expansion.
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.