Vidhi Specialty Food Ingredients Ltd · NSE:VIDHIING
Vidhi Specialty Food Ingredients — Q4 FY26 Earnings Presentation
48 slides from Vidhi Specialty Food Ingredients's earnings presentation, May 14, 2026
Slide 1: Exchange intimation letter on investor presentation
May 14, 2026 To, To, The Manager The Manger Department of Corporate Services (DCS-Listing) Listing Compliance BSE Limited, National Stock Exchange India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G-Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai- 400001 Bandra (East) M
Slide 2: Vidhi Specialty Food Ingredients Limited Investor Presentation May 2026
Vidhi Specialty Food Ingredients Limited Investor Presentation May 2026
Slide 3: Table of content
Table of content 01 02 Company Overview Financial Performance 03 04 Strong Business Outlook & Rationalization Model Measures 2
Slide 4: Company Overview
VIDHI REDIENTS TEL COLOURS You Can Trust For Your Food
Slide 5: Vidhi – At a Glance
Vidhi – At a Glance 50% Of Electricity 30 Years of Mfg Exp Consumption Of Roha 7500 TPA 12 Sectors catered to Facility Generated From Capacity Solar Power Plant Captive Power Supply 500 Gms to 500 Kgs, 3 Production Facilities. Two Star Export Products available in Advanced manufacturing House severa
Slide 6: Vidhi – Over 3 Decades of Legacy
Vidhi – Over 3 Decades of Legacy Company enjoys a Premier Position in the Synthetic Food, Drug & Cosmetic Colors in India One of the few companies in India and Globally offering the complete portfolio of colors meant for human consumption and use. Existing Business Growth Levers Enhanced Product Por
Slide 7: Multi-Sector Opportunity with Strong Regulatory Alignment
Multi-Sector Opportunity with Strong Regulatory Alignment Common Regulatory Sr.No. Sector Typical Applications Frameworks Confectionery, beverages, dairy, bakery, snacks, sauces, processed 1 Food & Beverage FSSAI, FDA, EFSA, Codex foods 2 Pharmaceuticals Tablets, syrups, capsules, coatings, nutraceu
Slide 8: Q4 & FY26 Financial Performance (Consolidated)
Q4 & FY26 Financial Performance (Consolidated)
Slide 9: Business Update
Business Update Managements Comments Dear Shareholders, At Vidhi, we believe we are standing at a defining inflection point in our journey. Over the years, we have built a strong foundation anchored in quality, innovation, customer trust, and global credibility. Today, we are entering an exciting ne
Slide 10: Q4 FY26 Performance Highlights
Q4 FY26 Performance Highlights Total Sales (In MT) Q4 FY26 (Y-o-Y) 1,618.0 1,575.5 Rs. 122.7 Crs Rs. 20.6 Crs Rs. 13.1 Crs 1,436.0 1,421.1 Revenue EBITDA PAT 1,228.6 12.0% Y-o-Y 3.3% Y-o-Y 10.5% Y-o-Y Highlights The company reported better performance due to increase in demand. • Revenue from Operat
Slide 11: Break up of Sales
Break up of Sales Yearly Particulars FY 2025-26 (Rs in Crores) FY 2024-25 (Rs in Crores) Manufacturing Sales 330.2 332.7 Trading 49.8 49.6 Revenue from Operation 380.0 382.3 Quarterly Rs In Crores Particulars Q1 25-26 Q2 25-26 Q3 25-26 Q4 25-26 Particulars Q1Manufacturing 25-26 79.38Q2 25-26 66.93 Q
Slide 12: Quarterly Result analysis
Quarterly Result analysis % of revenue Q4FY25 Q3FY26 Q4FY26 65 61.8 61.6 60 57.1 55 50 45 40 35 30 25 20 18.3 17.4 16.2 16.1 16.8 15 14.5 13.1 10.9 10.7 10 5 3.7 4.3 4.2 0.9 1.2 0.9 0 Material Consumed Employee Cost Finance Cost Other Expense PBT PAT 11
Slide 13: Q4 & FY26 Consolidated Key Highlights
Q4 & FY26 Consolidated Key Highlights Revenue from Operations (Rs. in Crs) EBIDTA (Rs. in Crs) Profit after Tax (Rs. in Crs) 18.2% 16.8% 17.9% 20.5% 10.9% 10.7% 11.4% 12.9% -1% +14% +13% 382.3 380.0 78.0 49.0 68.5 43.4 +12% +3% +11% 122.7 109.5 20.6 13.1 20.0 11.9 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY
Slide 14: Q4 & FY26 Consolidated Profit & Loss Statement
Q4 & FY26 Consolidated Profit & Loss Statement Particulars (Rs in Crs) Q4 FY26 Q4 FY25 Y-o-Y Q3 FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue from Operations 122.7 109.5 12.0% 94.5 29.9% 380.0 382.3 -0.6% Cost of Goods Sold 75.6 67.7 53.9 216.3 237.7 Gross Profit 47.1 41.8 12.6% 40.5 16.3% 163.7 144.6 13.2% GP
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs in Crs) Mar-26 Mar-25 Particulars (Rs in Crs) Mar-26 Mar-25 Equity Share Capital 5.0 5.0 Property, Plant and Equipment 133.0 125.7 Other Equity 322.8 296.1 Capital Work-in-progress 3.9 4.0 Total Equity 327.8 301.1 Right to Use Assets 1.0 1.4 Financial Liabi
Slide 16: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Cash Flow Statement Mar-26 Mar-25 Cash Flow from Operating Activities Profit before Tax 65.8 60.0 Adjustment for Non-Operating Items (14.4) 11.9 Operating Profit before Working Capital Changes 80.1 71.9 Changes in Working Capital (21.6) (63.2) Cash Generated from Ope
Slide 17: Strong Business Model
VIDHI REDIENTS TEL COLOURS You Can Trust For Your Food
Slide 18: Dahej SEZ Plant (Phase-I)- Commercial Production Commenced
Dahej SEZ Plant (Phase-I)- Commercial Production Commenced NEW CAPACITY ADDITION Company has successfully commenced production Added installed capacity of 350 TPM Investment of INR 70 Crs – in the Dahej plant on December 12, 2023 post Taking total to 675 TPM Funded through Internal accruals successf
Slide 19: Next Leg Of Growth – Capacity Addition at Roha & GIDC Dahej
Next Leg Of Growth – Capacity Addition at Roha (Arjun) & GIDC Dahej Expansion Of Production In Related Industries Based On Current Product Basket Of The Company Project 1 Key end user application: Pharma and healthcare Capacity: Planned 200 MT per month in 2 phases at Arjun Foods, a wholly-owned sub
Slide 20: Outlook & Rationalization Measures
Outlook & Rationalization Measures
Slide 21: All About Food Colours
All About Food Colours Why Food Colours??? Research shows that 90% of buyers Food colours are ingredients that are Colours when added to food products make a decision to purchase a This influences consumers decisions added to food or beverage to imparts very bright and tempting product after seeing
Slide 22: Food Colour Industry
Food Colour Industry USD Bn Food Colour Industry Growth +8.13% CAGR 311.7 195.1 210.9 Broadly divided into Natural Colour Artificial Colour Market with Limited Competition due to High entry 2025 2026 2031 barriers 5% Export Synthetic Colours Domestic Cost-effective & high tint Wide shade range for s
Slide 23: Food Colour Industry Overview
Food Colour Industry Overview Industry Potential Industry Dynamic USD Bn Food Colour Industry Growth Why Food Colours? o Enhances visual appeal -often a proxy for quality o Provides consistency and stability o Influences flavour profile +8.13% 311.7 CAGR High Barrier To Entry o Stringent regulations
Slide 24: About Vidhi Specialty Food Ingredients
About Vidhi Specialty Food Ingredients An Institution in Edible Colour Technology 2nd Accreditation Capabilities Presence Largest food colour manufacturer in Asia US FDA, BIS, ISO, FSSC, HACCP, CGMP, Existing Capacity of over ~7,500 MT p.a. Over 80 Countries and 6 continents EXIPACT + ~4,200 MT p.a.
Slide 25: Product Portfolio
Product Portfolio Synthetic Water Drug & Cosmetic FD&C Certified Blends Aluminum Lakes Others Soluble Colours Dyes & Lakes Water Soluble Colours & Lakes 01 02 03 04 05 06 Full range of 14 Range of Certified Full range of U.S. We can develop Full range Of Co-blended Lakes & water soluble D&C Dyes & L
Slide 26: Our Journey
Our Journey 1994 2000 2005 2011 2015 2019 2023 2025 2026 Vidhi Dyestuffs Mfg. Increased Production Capacities Brownfield expansion with Capacity doubled from 325 CoatIcon™ – Advanced Ltd. incorporated with to 90 MT / Month capacities increased to 250 MT to 675 MT per month with Coating Solutions by
Slide 27: Existing Manufacturing Facility
Existing Manufacturing Facility Manufacturing plant • Our Manufacturing facilities have been audited and found satisfactory by the U.S. FDA • Our present and operational manufacturing facilities are spread over an area of 1,76,000 square feet, located in Dhatav Village of Raigad District in the stat
Slide 28: Diversified End User Industry
Diversified End User Industry Confectionaries & Food Bakery Pet Foods Pharmaceuticals Personal Care Products Beverages Cosmetics Home Care Products 27
Slide 29: Diversified End User Application and Marquee Customers
Diversified End User Application and Marquee Customers Confectionaries & Personal / Home Pet food, Cattle & Food & Beverage Pharmaceuticals Bakery Care Poultry feed Customer & Industry Diversity Britannia Unilever Procter & Gamble Nestle Mars Pepsi Kraft Pfizer Kerry Coca-Cola Sanofi ITC Cipla Cadil
Slide 30: Global Footprint
Global Footprint Continent Wise Sales 6% 2% 6% 18% 0% 19% Q4FY26 FY26 44% 49% 27% 29% AFRICA AMERCIAS AUSTRALASIA EUROPE MIDDLE EAST Diversified Geographical Presence Top 10 countries contribute to ~72.69% and ~ 74.24% Exporting to more than 80 countries across 5 Continuous addition of new customers
Slide 31: Presence across the Globe
Presence across the Globe Two- Star Export House Status holder Exporting TO 80 Countries Over All 6 Continents 30
Slide 32: Certifications & Regulatory Approvals
Certifications & Regulatory Approvals 1st Company in the field of manufacturing synthetic food colours in India to be awarded with ISO 9002 in the year of 2000 ISO 9001:2015, ISO 22000:2005 Company’s all products are certified company Kosher & Halal approved The Management Of Food Hazard Analysis (H
Slide 33: Technology and R&D strength
Technology and R&D strength Dedicated R & D facility with a team Fully equipped & functional of PHD’s & qualified chemists, laboratory accredited by The constantly working on process Bureau of Indian Standards engineering of existing products and forms the core of Quality Control on development of n
Slide 34: Growth Drivers of the Company
Growth Drivers of the Company Superior quality and Access to international global outreach selling and sourcing markets Large domestic market with increased income and Established production expenditure on consumer facilities. products Pro industry initiative Management experience taken by the Gover
Slide 35: High Entry Barriers
High Entry Barriers Technical Know-how Quality Control Process • Technical know-how with years of experience for • Follow stringent quality control norms on batch wise continuous development of new products & colours before delivery to the customer • With strong controls and processes in place, able
Slide 36: Key Differentiators
Key Differentiators Renowned name in Food Colour Industry Product Regulatory Large Product Variants Highly Regulated Market Diversified Usages Consistency is a Key Diversified customers Long Customer Approval Cycle Long standing relationships with Large MNC as a customers Customer & Geography Expans
Slide 37: Our Strength
Our Strength TECHNOLOGY R&D QUALITY Fully equipped & functional laboratory 2 Dedicated R & D facilities with a team of Stringent checks and processes established accredited by The Bureau of Indian PHD’s & qualified chemists, constantly at each stage from Raw Material testing to Standards forms the c
Slide 38: Experienced Board of Directors
Experienced Board of Directors Mr. Bipin M. Manek Mr. Mihir B. Manek Mrs. Pravina B. Manek Mrs. Vidhi H. Parekh Chairman & Joint Managing Non-Executive Wholetime Managing Director Director Director Director Mr. Anil P. Udeshi Mrs. Pranali P. Govekar Mr. Ashit K. Doshi Mrs. Jyoti S. Modi Independent
Slide 39: Strong Management Team
Strong Management Team Mr. Bipin M. Manek Rich & Diversified experience of over 35 years in the field food colour manufacturing. Acknowledged as a thought leader in Chairman & transforming the Company from a small food color manufacturing company to the Asia’s 2nd largest food color Managing Directo
Slide 40: Historical Financials Performance
Historical Financials Performance
Slide 41: Consolidated Operating Performance
Consolidated Operating Performance Revenue from Operations EBIDTA (Rs. in Crs) Profit before Tax (Rs. in Crs) Profit after Tax (Rs. in Crs) (Rs. in Crs) +14% +10% +13% -1% 404.0 78.0 65.8 49.0 382.3 380.0 60.0 43.4 68.5 49.8 37.7 36.5 298.0 57.2 48.8 55.8 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23
Slide 42: Consolidated Historical Profit & Loss Statement
Consolidated Historical Profit & Loss Statement Particulars (Rs in Crs) Mar-26 Mar-25 Mar-24 Mar-23 Revenue from Operations 380.0 382.3 298.0 404.0 Cost of Goods Sold 216.3 237.7 185.3 292.9 Gross Profit 163.7 144.6 112.6 111.1 GP % 43.1% 37.8% 37.8% 27.5% Employee Benefits Expense 16.1 12.8 10.4 9.
Slide 43: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs in Crs) Mar-26 Mar-25 Particulars (Rs in Crs) Mar-26 Mar-25 Equity Share Capital 5.0 5.0 Property, Plant and Equipment 133.0 125.7 Other Equity 322.8 296.1 Capital Work-in-progress 3.9 4.0 Total Equity 327.8 301.1 Right to Use Assets 1.0 1.4 Financial Liabi
Slide 44: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet Particulars (Rs in Crs) Mar-26 Mar-25 Mar-24 Mar-23 Particulars (Rs in Crs) Mar-26 Mar-25 Mar-24 Mar-23 Equity Share Capital 5.0 5.0 5.0 5.0 Property, Plant and Equipment 133.0 125.7 125.5 44.0 Other Equity 322.8 296.1 275.2 245.7 Capital Work-in-progress 3.9 4.
Slide 45: Consolidated Historical Cash Flow Statement
Consolidated Historical Cash Flow Statement Cash Flow Statement Mar-26 Mar-25 Mar-24 Mar-23 Cash Flow from Operating Activities Profit before Tax 65.8 60.0 48.8 49.8 Adjustment for Non-Operating Items (14.4) 11.9 9.1 7.0 Operating Profit before Working Capital Changes 80.1 71.9 57.9 56.8 Changes in
Slide 46: Sustainable Return Ratios
Sustainable Return Ratios Rs. In Crs Cash flow from Operations Borrowings Borrowings and Cash & Cash Equivalents ROCE (%) Cash & Cash Equivalents Borrowings 64.1 17.8% 18.4% 17.4% 17.1% 95.9 56.5 49.7 71.2 42.4 27.4 19.2 19.8 20.0 7.6 -4.6 Mar-23 Mar-24 Mar-25 Mar-26 Mar-23 Mar-24 Mar-25 Mar-26 Mar-
Slide 47: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vidhi Specialty Food Ingredients Limited [Formerly known as 'Vidhi Dyestuffs Manufacturing Limited] (the “Company’), have been prepared solely for information purposes and do not constitute an
Slide 48: Thank You
COMPANY : Vidhi Specialty Food Ingredients Limited CIN :L24110MH1994PLC076156 Mr. Mitesh Manek - CFO Email: mitesh.manek@vidhifoodcolors.com www. www.vidhifoodcolors.com INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Mar
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