Modi Naturals Limited · NSE:MODINATUR
Modi Naturals — Q3 FY26 Earnings Presentation
42 slides from Modi Naturals's earnings presentation, Feb 14, 2026
Slide 1: Cover letter to stock exchanges
14th February 2026 The Manager The Manager Corporate Relationship Department Listing Department BSE Limited National Stock Exchange of India Limited First Floor, New Trade Wing Rotunda Exchange Plaza, 5th Floor Plot No. C/1, ‘G’ Building, Phiroze Jeejeebhoy Towers, Block, Bandra- Kurla Complex Bandr
Slide 2: Modi Naturals Limited Investor Presentation: February'26
Modi Naturals Limited Investor Presentation: February’26 Website
Slide 3: Safe Harbour
Safe Harbour This presentation has been prepared by and is the sole responsibility of Modi Naturals Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or ind
Slide 4: Q3 & 9MFY26 Result Highlights
Q3 & 9MFY26 Result Highlights
Slide 5: Consolidated Financial Performance
Consolidated Financial Performance Revenue EBITDA PAT -2.8% 20.7% 28.5% 179.0 174.1 16.0 10.0 13.3 7.8 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 0.6% 22.9% +33.9% 473.2 476.1 49.0 30.6 39.9 9MFY26 22.9 9MFY25 9MFY26 9MFY25 9MFY26 9MFY25 9MFY26 4
Slide 6: Management Commentary
Management Commentary Commenting on the performance, Mr. Akshay Modi, Joint Managing Director, of Modi Naturals, said, We delivered a steady topline performance during 9MFY26, with revenue remaining broadly in line with the previous year at ₹476.1 crore despite operating in a fluctuating demand envi
Slide 7: Ethanol Division Performance
Ethanol Division Performance Rs in Cr 81.7 84.7 81.1 239.8 245.2 Growth Drivers Revenue Second phase of capacity expansion of180 KLPD will be commenced by the end of February’26, as trials completed Q3FY25 Q2FY26 Q3FY26 9MFY25 9MFY26 EBITDA margin expanded by 477 bps on YoY and 304 on QoQ basis 12.6
Slide 8: Consumer Division Performance
Consumer Division Performance Rs in Cr 44.3 46.3 130.9 132.7 41.9 Growth Drivers Revenue Overall demand strengthened, driven by wider distribution, product innovation, and new food launches, with expanded presence at national retailers generating encouraging early consumer response Q3FY25 Q2FY26 Q3F
Slide 9: Bulk Division Performance
Bulk Division Performance Rs in Cr 53.0 51.0 102.5 98.3 Growth Drivers Revenue 16.0 Fresh crop arrivals and stronger demand for the division supported QoQ revenue growth Q3FY25 Q2FY26 Q3FY26 9MFY25 9MFY26 Inventory valuation had an impact on bottom line which will 0.8% -0.1% normalised in upcoming q
Slide 10: Consolidated Profit & Loss Account
Consolidated Profit & Loss Account Profit and Loss (in Rs. Crs) Q3FY26 Q3FY25 YoY Q2FY26 Q-o-Q 9MFY26 9MFY25 Y-o-Y FY25 Revenue from Operations 174.1 179.0 -2.8% 147.0 18.4% 476.1 473.2 0.6% 662.9 Cost of Goods Sold 134.1 141.3 106.7 357.0 365.8 511.2 Gross Profit 40.0 37.7 6.1% 40.3 -0.9% 119.1 107
Slide 11: Standalone Profit & Loss Account
Standalone Profit & Loss Account Profit and Loss (in Rs. Crs) Q3FY26 Q3FY25 YoY Q2FY26 Q-o-Q 9MFY26 9MFY25 Y-o-Y FY25 Revenue from Operations 93.0 97.3 -4.4% 62.3 49.3% 230.9 233.4 -1.1% 338.0 Cost of Goods Sold 72.0 73.0 40.6 166.8 164.2 240.0 Gross Profit 20.9 24.3 -13.9% 21.7 -3.4% 64.1 69.2 -7.4
Slide 12: Way Forward Growth Drivers
Way Forward Growth Drivers Branded Particulars Revised Rationale Behind Revision ✓ Launch of new products in niche categories FY25 FY26E ✓ Expansion on assortment on quick (Rs in Cr) FY26E • The revision in guidance is primarily commerce, modern and general trade attributable to the delay in ✓ Hirin
Slide 13: Our Business
Our Business
Slide 14: Business Verticals
Business Verticals • Preference to Olive Oil with Consumer Shift to Consumer • 3rd Largest Premium Edible Oil Brand Healthy Products • Largest player in " Goodness of olive oil“ • Expanding Presence in Food Products Division • 2nd Ranked Super-Premium Refined Oil • Leveraging Distribution Network fo
Slide 15: Modi Naturals - At A Glance
Modi Naturals - At A Glance Position • 3rd Largest Super Premium INTEGRATED VALUE-ADDED PLAYER OFFERS COMPREHENSIVE RICE RANGE Edible Oil Brand FROM OIL TO ETHANOL • Largest in the Goodness of Rice Olive Oil Space Only Player Making Unique Proposition Multi-Source Olive Oil • • Rice Bran Oil (Bulk O
Slide 16: New Launches in the Food Business
New Launches in the Food Business • We are extending our range of ready to cook pasta and adding new shapes i.e., macaroni and spaghetti • With our commitment to innovation in the food category, we are launching a one of its kind multi-grain pasta with the goodness of 4 Pasta grains, in the premium
Slide 17: Product Portfolio
Product Portfolio Edible Oil BRANDED Ready To Cook Segment Ready To Eat Segment Rice bran oil Rice bran de- oiled cakes BULK OIL ETHANOL Rice bran wax 16
Slide 18: Consumer Business
Consumer Business Modi Natural’s Presence Super Premium Olivana, Extra Virgin Olive Oil, Olive Pomace Edible Oil Oil, Miller Canola Oil (Canola Oil, Olive Oil) Premium Multisource Oil Oleev Active, Oleev Health, Oleev Smart (Rice Bran + Olive Oil, Rice Bran + Canola Oil) Commodity Based Edible Oil (
Slide 19: Flagship Product – Oleev Active
Flagship Product – Oleev Active Health Benefits High Smoke Point Oleev Active's high smoke point makes it suitable for frying. It Multisource Oil Immune Booster prevents fatty acid degradation at high temperatures, making food Multisource Healthy Oil with a Rich in oryzanol that boost healthier uniq
Slide 20: Sneak Peak Of The Oleev Brand
Sneak Peak Of The Oleev Brand • Low on SFA that • Vitamin E in Oleev • Contains Omega • Rich in vitamins A, D, • Easily digested ensures a smooth Pomace shields the 3, 6, 9 along with E & K, which are vital and helps with blood flow and body from goodness of for smooth weight loss higher energy leve
Slide 21: Sneak Peak Of The Oleev Brand
Sneak Peak Of The Oleev Brand • 26gm protein per • Natural Olive Oil • Omega 3 & 6 helps • Low absorption • Rich in protein 100gm serving with Vitamin E & Pro to improve the technology, up to • Source of fibre • Source of Calcium, vitamin A nutrition value of 20% low fat intake • Untouched by hand P
Slide 22: From Rice To Oil
From Rice To Oil Rice Bran Air Separator Broken Rice Animal Feeds Steam Cooking & Drying Solvent Solvent Storage Solvent Extraction Desolventizing Deoiled Bran Refined Rice Bran Oil Condenser Distillation Crude Rice Bran Oil Degumming Decoloration Dewaxing Deodorization Degrease Modi Naturals Produc
Slide 23: From Rice To Ethanol
From Rice To Ethanol Grain Storage Milling Cooking Liquefaction DDGS* Distillation Fermentation To Fuel Market Storage 22 *Dried Distillers Grains Used for Animal Feed
Slide 24: De-coding the Ethanol Business
De-coding the Ethanol Business • Received an approval for 310 KLD distillery High Margin Product • 1st phase of 130 KLPD commenced in Q3FY24 with a capital expenditure of Rs 150 cr Large Demand Supply gap • 2nd Phase of 180 KLPD is in progress with an estimated capital expenditure of Rs ~100 cr Key
Slide 25: Ethanol – a step Towards Growth
Ethanol – a step Towards “Growth…..!” Increased Production ADVANTAGES Increasing Blending Rate has led to Capacity 01 Environment Friendly Molasses Grain Total (Cr Litre) Growth Opportunity for Modi Naturals Supports sugarcane, 02 maize & rice 2x 3.5x 3x 20% farmers 760 740 1,500 10% 426 Cuts Oil 65
Slide 26: Grain-Based Ethanol Distillery
Grain-Based Ethanol Distillery Operating Capacity Capex Incurred Power Plant 130 KLD 5.5 MW Rs. 150 Cr (Phase 1) Fermentation Distillation Silo Powerhouse Storage Tank Commenting on the commercialisation of the plant, Mr. Akshay Modi, Managing Director of Modi Naturals Ltd., said, “The commissioning
Slide 27: Manufacturing Units
Manufacturing Units Pilibhit (Uttar Pradesh) Hyderabad Sonipat (Haryana) Rice Bran Oil & Oil Packing Line Popcorn Unit Oil Packing Line Solvent Extraction - 800 TPD Packing Line - 25 TPD Packing Line - 5 TPD Refinery - 100 TPD Packing Line - 50 TPD Leased and thus Leased and thus Asset Light Asset L
Slide 28: Our Journey
Our Journey 1974: Incorporation of 1992: Establishment of the 2009:Launch of Refined 2015: Started new consumer Incorporated Modi Biotech the Company edible oil refinery in Rice Oil by up-gradation brands: Rizolo, Olivana Capacity Pvt. Ltd (W.O.S) for the expansion 1985: Listed on BSE & Pilibhit, U.
Slide 29: Marketing Strategy
Marketing Strategy
Slide 30: The Modi Naturals Advantage
The Modi Naturals Advantage Oleev Branded Products – Healthy Food Category Only company in India refining olive oil & Oleev Kitchen - Peanut Butter Oleev Kitchen - Pasta selling blended olive oil Gluten Free & High Protein 0% Maida Premium Grocery Product Market Size growing at Extension to 30% CAGR
Slide 31: Brand Ambassador for Oleev Brand
Brand Ambassador for Oleev Brand Karisma Kapoor - Brand Ambassador “make right choices and do what's right for you” ➢ Onboarded Bollywood icon Karisma Kapoor as the face of its new marketing campaign, to strengthen the brand’s positioning while promoting healthier, sustainable choices that support l
Slide 32: Distribution Channels
Distribution Channels Modern Trade Channels Retail Sales Canteen Store Department Direct Reach 50,000+ outlets Modern Retail Outlets 3,000+ E-Commerce Platforms Sales Depot 20+ Distributors 450+ 31
Slide 33: Strategy Building
Strategy Building Leverage Multi– Strong & Competitive 01 06 Brand Distribution Portfolio 02 05 Digital First Approach to Focused Social Media brand building & Content Strategy 03 04 In-house D2C Fitness Icon As Platform Brand Ambassador 32
Slide 34: Key Focus Areas
Key Focus Areas Multi – Brand Health With Approach Taste New Product Ethanol to be the Development in Branded growth driver Segment 33
Slide 35: Management Team
Management Team
Slide 36: Visionaries Driving The Business
Visionaries Driving The Business Mr. Anil Modi- Chairperson & Managing Director • Mr. Anil Modi, aged 63, is one of the founding members of Modi Naturals Limited • He is on the Board of the Company since 1976 • He has over 3 decades of invaluable experience in the line of the business of the Company
Slide 37: Board of Directors
Board of Directors Aditi Modi Udit Jain Ankita Singal Ankit Garg Whole Time Director Independent Director Independent Director Independent Director • She is B.Com (H) from • He is a Commerce • Ms. Aditi Modi is a finance • He is a commerce Lady Sriram College for Graduate and having professional wit
Slide 38: Historical Financials
Historical Financials
Slide 39: Consolidated Profit And Loss Statement
Consolidated Profit And Loss Statement Profit and Loss (in Rs. Cr) FY25* FY24* FY23 FY22 FY21 Revenue from Operations 662.9 399.8 418.0 474.3 442.7 Cost of Goods Solds 511.2 300.0 329.5 373.9 360.8 Gross Profit 151.7 99.8 88.4 100.4 81.9 Gross Profit Margin 22.9% 25.0% 21.2% 21.2% 18.5% Employee Cos
Slide 40: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (in Rs. Cr) Mar-25* Mar-24* Mar-23 Mar-22 Mar-21 Equity & Liabilities (in Rs. Cr) Mar-25* Mar-24* Mar-23 Mar-22 Mar-21 Non - Current Assets 170.9 150.4 47.9 33.1 22.1 Total Equity 121.6 90.6 81.9 77.2 67.9 Property Plant & Equipments 144.8 148.9 19.5 25.8 19.2 Share
Slide 41: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Cr) FY25* FY24* FY23 FY22 FY21 Net Profit Before Tax 37.7 -1.7 2.0 13.0 14.0 Adjustments for: Non-Cash Items / Other Investment or Financial Items 20.8 12.1 5.9 4.3 1.7 Operating profit before working capital changes 58.5 10.4 7.9 17.3 15.7 Changes i
Slide 42: For further information, please contact
For further information, please contact Company: Modi Naturals Limited CIN - L15142DL1974PLC007349 Mr. Akshay Modi cs.mnl@modinaturals.org www.modinaturals.com Investor Relations Advisors : Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Mr. Mandar Chavan / Ms. Khushi Bhandari mandar