Vidhi Specialty Food Ingredients Ltd · NSE:VIDHIING
Vidhi Specialty Food Ingredients — Q1 FY27 Earnings Presentation
44 slides from Vidhi Specialty Food Ingredients's earnings presentation, Jul 29, 2026
Slide 1: Regulation 30 intimation letter to stock exchanges
July 29, 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)
Slide 2: Vidhi Specialty Food Ingredients Limited Investor Presentation July 2026
Vidhi Specialty Food Ingredients Limited Investor Presentation July 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
Company Overview
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 Facility Generated From Capacity to Solar Power Plant Captive Power Supply 3 Production Facilities. 500 Gms to 500 Kgs, Two Star Export Advanced Products available in House manufacturing 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, 1 Food & Beverage FSSAI, FDA, EFSA, Codex processed foods 2 Pharmaceuticals Tablets, syrups, capsules, coatings, nutraceu
Slide 8: Q1 FY27 Financial Performance (Consolidated)
Q1 FY27 Financial Performance (Consolidated)
Slide 9: Business Update
Business Update Managements Comments Dear Shareholders, At Vidhi, we believe we are at a defining 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 new chapter where mult
Slide 10: Q1 FY27 Performance Highlights
Q1 FY27 Performance Highlights Total Sales (In MT) Q1 FY27 (Y-o-Y) 1,618.0 1,506.1 Rs. 146.3 Cr Rs. 26.0 Cr Rs. 17.1 Cr 1,436.0 1,421.1 Revenue EBITDA PAT 1,228.6 66.4% Y-o-Y 26.7% Y-o-Y 34.7% Y-o-Y Highlights The company reported better performance due to increase in demand. • Revenue from Operatio
Slide 11: Break up of Sales
Break up of Sales Yearly Particulars FY 2025-26 (Rs. in Cr) FY 2024-25 (Rs. in Cr) Manufacturing Sales 330.2 332.7 Trading Sales 49.8 49.6 Revenue from Operation 380.0 382.3 Quarterly Q1FY27 Q4FY26 Particulars Manufacturing Q1 25-26 Q2 25-26Manufacturing Q3 25-26 Q4 25-26 Particulars (Rs. in Cr) Man
Slide 12: Q1 FY27 Consolidated Key Highlights
Q1 FY27 Consolidated Key Highlights Revenue from Operations (Rs. in Cr) EBIDTA (Rs. in Cr) Profit after Tax (Rs. in Cr) 23.4% 16.8% 17.8% 14.5% 10.7% 11.7% 146.3 26.0 17.1 122.7 20.5 20.6 13.1 12.7 87.9 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27
Slide 13: Q1 FY27 Consolidated Profit & Loss Statement
Q1 FY27 Consolidated Profit & Loss Statement Particulars (Rs in Cr) Q1 FY27 Q1 FY26 Y-o-Y Q4 FY26 Q-o-Q Revenue from Operations 146.3 87.9 66.4% 122.7 19.2% Cost of Goods Sold 97.2 49.9 75.6 Gross Profit 49.1 38.0 29.1% 47.1 4.2% GP % 33.6% 43.3% 38.4% Employee Benefits Expense 4.5 3.3 5.1 Other Exp
Slide 14: Strong Business Model
Strong Business Model
Slide 15: 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 16: Outlook & Rationalization Measures
Outlook & Rationalization Measures
Slide 17: All About Food Colours
All About Food Colours Why Food Colours??? Research shows that 90% of buyers make a decision to Food colours are ingredients that Colours when added to food This influences consumers purchase a product after seeing are added to food or beverage to products imparts very bright and decisions to purcha
Slide 18: Food Colour Industry
Food Colour Industry Broadly divided into Natural Colour Artificial Market with Limited Competition due to High entry Colour barriers 5% Export Synthetic Colours Domestic Cost-effective & high tint Wide shade range for strength mass products 95% Huge Opportunity in the export as well as India accoun
Slide 19: 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 20: 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 US FDA, BIS, ISO, FSSC, HACCP, CGMP, Existing Capacity of over ~7,500 MT p.a. Over 80 Countries and 6 continents Asia EXIPACT + ~4,200 MT p.a.
Slide 21: 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 Full range of U.S. We can develop Full range Of Co-blended Lakes water soluble Certified D&C FDA Certif
Slide 22: Our Journey
Our Journey 1994 2000 2005 2011 2015 2019 2023 2025 2026 Vidhi Dyestuffs Mfg. Increased Production Brownfield expansion Capacity doubled from 325 CoatIcon – Advanced Ltd. incorporated with Capacities to 90 MT / Month with capacities increased MT to 675 MT per month with Coating Solutions by Vidhi pr
Slide 23: 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 24: Diversified End User Industry
Diversified End User Industry Confectionaries & Food Bakery Pet Foods Pharmaceuticals Personal Care Beverages Products Cosmetics Home Care Products 23
Slide 25: 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 26: Global Footprint
Global Footprint Continent Wise Sales 3% 9% 2% 6% 19% 19% Q1FY27 FY26 17% 44% 53% 29% AFRICA AMERCIAS AUSTRALASIA EUROPE MIDDLE EAST Diversified Geographical Presence Top 10 countries contribute to ~80.81% and ~ Exporting to more than 80 countries across 5 Continuous addition of new customers and 74
Slide 27: Presence across the Globe
Presence across the Globe Two- Star Export House Status holder Exporting TO 80 Countries Over All 6 Continents 26
Slide 28: 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 29: Technology and R&D strength
Technology and R&D strength Dedicated R & D facility with a Fully equipped & functional team of PHD’s & qualified laboratory accredited by The chemists, constantly working on Bureau of Indian Standards process engineering of existing forms the core of Quality products and on development of Control D
Slide 30: 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 31: 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 32: 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 33: Our Strength
Our Strength TECHNOLOGY R&D QUALITY Fully equipped & functional laboratory 2 Dedicated R & D facilities with a team Stringent checks and processes accredited by The Bureau of Indian of PHD’s & qualified chemists, established at each stage from Raw Standards forms the core of Quality constantly worki
Slide 34: 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 35: 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 Chairman & leader in transforming the Company from a small food color manufacturing company to the Asia’s 2nd largest food Managing Director colo
Slide 36: Historical Financials Performance
Historical Financials Performance
Slide 37: Consolidated Operating Performance
Consolidated Operating Performance Revenue from Operations EBIDTA (Rs. in Cr) Profit before Tax (Rs. in Cr) Profit after Tax (Rs. in Cr) (Rs. in Cr) +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 FY2
Slide 38: Consolidated Historical Profit & Loss Statement
Consolidated Historical Profit & Loss Statement Particulars (Rs in Cr) 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 9.1
Slide 39: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. in Cr) Mar-26 Mar-25 Particulars (Rs. in Cr) 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 40: 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
Slide 41: Consolidated Historical Cash Flow Statement
Consolidated Historical Cash Flow Statement Cash Flow Statement (Rs. in Cr) 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
Slide 42: 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 43: 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 44: 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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