Vidhi Specialty Food Ingredients Ltd · NSE:VIDHIING
Vidhi Specialty Food Ingredients — Q1 FY26 Earnings Presentation
39 slides from Vidhi Specialty Food Ingredients's earnings presentation, Jul 29, 2025
Slide 1: Cover letter to BSE and NSE
July 29, 2025 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: Investor Presentation - July 2025
Vidhi Specialty Food Ingredients Limited Investor Presentation - July 2025
Slide 3: 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 4: Q1 FY26 Financial Performance (Consolidated)
Q1 FY26 Financial Performance (Consolidated)
Slide 5: Q1 FY26 Performance Highlights
Q1 FY26 Performance Highlights Q1 FY26 (Y-o-Y) Update on Capacity Expansion Phase I Dahej SEZ Revenue (350 MT) 5.9% Y-o-Y Rs. 87.9 Crs Company has successfully commenced production in the Dahej plant on December 12, 2023 post successfully commencement of trial production on August 27, 2023 EBITDA 45
Slide 6: Q1 FY26 Consolidated Key Highlights
Q1 FY26 Consolidated Key Highlights Revenue from Operations (Rs. in Crs) EBIDTA (Rs. in Crs) Profit after Tax (Rs. in Crs) 109.5 20.0 20.5 12.7 11.9 87.9 83.0 14.1 8.4 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Declared first interim dividend of Rs. 1.50/- (Rupee one and fifty pa
Slide 7: Q1 FY26 Consolidated Profit & Loss Statement
Q1 FY26 Consolidated Profit & Loss Statement Particulars (Rs in Crs) Q1 FY26 Q1 FY25 Y-o-Y Q4 FY25 Q-o-Q Revenue from Operations 87.9 83.0 5.9% 109.5 -19.7% Total Expenses 49.9 55.2 67.7 Gross Profit 38.0 27.8 36.9% 41.9 -9.1% GP % 43.3% 33.5% 38.2% Employee Benefits Expense 3.3 2.5 4.1 Other Expens
Slide 8: Transformation Growth & Path Ahead: 2.0
Transformation Growth & Path Ahead: 2.0
Slide 9: Dahej SEZ Plant (Phase-I) - Commercial Production Commenced
Dahej SEZ Plant (Phase-I)- Commercial Production Commenced Moved one step closer to our goal of achieving total capacity of 1000 TPM from existing 325 TPM NEW CAPACITY ADDITION GROWTH LEVERS Revenue to remain consistent on an absolute basis with increase in Added installed capacity of Investment of
Slide 10: Next Leg Of Growth – Capacity Addition at Roha (Phase-II)
Next Leg Of Growth – Capacity Addition at Roha (Phase-II) To address the Demand Supply Gap through capacity expansion Metric Tons per Month ~675 ~1,000 NEW CAPACITY ADDITION 3x Planned Capacity Expansion by 2024-25 o Arjun Foods, a wholly-owned subsidiary of Vidhi in Roha MIDC, 200 meters away from
Slide 11: Company Overview
> Company Overview
Slide 12: All About Food Colours
All About Food Colours Why Food Colours??? Appearance Consistency Improves the appearance of Consistency in the product o Food colours are ingredients that are added to food or the product for appearance to influence the beverage to enhance its appearance consumption & enhances consumer to buy a pro
Slide 13: Food Colour Industry
Food Colour Industry 2023 2024 4.7% ₹ 1500-1700Crs Global Food Colour Market (2021-2026) is Incremental demand to be expected Broadly divided into Natural Colour Artificial expected to grow at a CAGR of Y-o-Y basis in global food colour industry Colour 5% Export Domestic 95% India accounting for app
Slide 14: Huge Industry Potential with Limited Players
Huge Industry Potential with Limited Players Industry Potential Upsurge in demand for food colors from various end-use industries, including food & beverages, bakery & confectionery, dairy products, Food Colour Industry Growth meat & poultry, and seafood USD Bn +6% 5.1 CAGR Colour is a key component
Slide 15: About Vidhi Specialty Food Ingredients
About Vidhi Specialty Food Ingredients An Institution in Edible Colour Technology 2nd Accreditation Capabilities Presence Largest food colour US FDA BIS Existing Capacity of over ~7,500 MT p.a. Over 80 Countries and manufacturer in Asia + ~4,200 MT p.a. under expansion 6 continents Diversified End U
Slide 16: Synthetic Food Colours
Synthetic Food Colours Primary Water Soluble Colours Blends of Water Soluble Food Colours Lake Food Colours Primary Food Water Soluble Colours are water Obtained from mixing different primary colors Used where colouring is to be imparted by soluble, and impart coloring to any product when with one a
Slide 17: Our Journey
Our Journey New Factory Commissioned Enhanced capacities to 325 MT / 1 3 5 7 Increased Production enhancing total production Month & Completed product Capacities to 55 MT / Month capacity to 150 MT / Month development of D&C Dyes, Lakes & solvent dyes 1994 2000 2005 2011 2015 2019 2022-23 Capacity e
Slide 18: Wide Product Range
Wide Product Range FD&C Certified FD&C Certified Water Soluble Colours Lakes Water Soluble Colours Lakes Tartrazine Allura Red Lake Tartrazine Lake Allura Red FD&C Yellow 5 Lake FD&C Yellow 5 Quinoline Yellow Patent Blue V Lake Quinoline Yellow Lake Indigo Carmine FD&C Red 3 Lake FD&C Yellow 6 Sunse
Slide 19: Existing Manufacturing Facility
Existing Manufacturing Facility Manufacturing plant o Our Manufacturing facilities have been audited and found satisfactory by the U.S. FDA o 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 20: Diversified End User Industry
Diversified End User Industry Food Confectionaries & Bakery Pet Foods Pharmaceuticals Beverages Personal Care Products Cosmetics Home Care Products 19
Slide 21: Marquee Customers across Industries
Marquee Customers across Industries Customer & Industry Diversity 01 Cosmetics Britannia Unilever Procter & Gamble Confectionaries & Bakery 02 Nestle Mars Pepsi 03 Personal / Home Care Kraft Pfizer Kerry Coca-Cola Sanofi ITC Food & Beverage 04 Cipla Cadila Mondelez 05 Pharmaceuticals Parle G Rasna M
Slide 22: Global Footprint
Global Footprint Continent Wise Sales Country Wise Sales 4% 11% 9% 20% 26% 11% 1% 1% 1% 2% Q1FY26 Q1FY26 4% 2% 33% 13% 2% 5% 4% 4% 29% 4% 16% AFRICA AUSTRALASIA MIDDLE EAST USA BRAZIL PHILIPPINES BOLIVIA CHINA ITALY VIETNAM TURKEY AMERCIAS EUROPE MEXICO INDONESIA UAE ARGENTINA SPAIN EGYPT GERMANY Re
Slide 23: Stringent Regulatory Approvals
Stringent Regulatory Approvals Synthetic Water Soluble Aluminum Lakes FD&C Colours FD&C Lakes Colours U. S. FDA Approved European Commission & U. S. FDA Approved European Commission & JECFA Approved JECFA Approved 1 2 3 4 D&C Colours Blends Co-Blended Lakes &Co- U. S. FDA Approved Blended Granules E
Slide 24: Certifications & Regulatory Approvals
Certifications & Regulatory Approvals o 1st Company in the field of manufacturing synthetic food colours in India to be awarded with ISO 9002 in the year of 2000 o ISO 9001:2015, ISO 22000:2005 certified company o The Management Of Food Hazard Analysis (HACCP) system for the manufacture of synthetic
Slide 25: Technology and R&D strength
Technology and R&D strength Stringent checks and processes established at each stage from Raw Material testing to In-Process to Manufacturing processes to delivery of Finished Goods to ensure desired products Qualified Technical Team End User Approach Stringent Testing Collaborative working with reg
Slide 26: Growth Drivers of the Company
Growth Drivers of the Company Pro industry initiative taken by the Superior quality and global Government and the Reserve Bank of India. outreach Growth Management experience and Drivers Access to international selling expertise in food colour business. and sourcing markets Established production La
Slide 27: High Entry Barriers
High Entry Barriers Technical Highly Regulated Quality Control Long Customer Know-how Markets Process Approval o Technical know-how with years of o Operate in a highly regulated o Follow stringent quality control o Customer approval takes as long experience for continuous markets with multiple regul
Slide 28: Key Differentiators
Key Differentiators Products Regulatory Renowned name in Food Colour Industry Large Product Variants Highly Regulated Market Diversified Usages Consistency is a Key Diversified customers Long Customer Approval Cycle Long standing relationships with R&D & Product Development Large MNC as a customers
Slide 29: Our Strength
Our Strength TECHNOLOGY R&D QUALITY Fully equipped & functional laboratory Dedicated R & D facility with a team of Stringent checks and processes accredited by The Bureau of Indian PHD’s & qualified chemists, constantly established at each stage from Raw Standards forms the core of Quality working o
Slide 30: Experienced Board of Directors
Experienced Board of Directors Mr. Bipin M. Mr. Mihir B. Mrs. Pravina B. Mrs. Vidhi H. Manek Manek Manek Parekh Chairman & Joint Managing Non-Executive Wholetime Managing Director Director Director Director Mrs. Pranali P. Mr. Ashit K. Mrs. Jyoti S. Mr. Anil P. Udeshi Govekar Doshi Modi Independent
Slide 31: Strong Management Team
Strong Management Team Mr. Bipin M. Manek Mr. Mihir B. Manek Mr. Mitesh Manek Chairman & Joint Managing Chief Financial Managing Director Director Officer Rich & Diversified experience of over Associated with the company for Postgraduate with 17 years of 35 years in the field food colour more than 1
Slide 32: Annexure
Annexure VIDHI 31
Slide 33: Historical Financials Performance
Historical Financials Performance
Slide 34: Consolidated Operating Performance
Consolidated Operating Performance Revenue from Operations (Rs. in Crs) EBIDTA (Rs. in Crs) 537.1 84.6 +20% +28% 68.5 404.0 382.3 55.8 57.2 298.0 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Profit before Tax (Rs. in Crs) Profit after Tax (Rs. in Crs) 79.0 +23% 58.6 +19% 60.0 43.4 49.8 48.8 37.7 36.5 FY2
Slide 35: Consolidated Historical Profit & Loss Statement
Consolidated Historical Profit & Loss Statement Particulars (Rs in Crs) Mar-25 Mar-24 Mar-23 Mar-22 Revenue from Operations 382.3 298.0 404.0 537.1 Total Expenses 237.7 185.3 292.9 398.1 Gross Profit 144.6 112.6 111.1 139.0 GP % 37.8% 37.8% 27.5% 25.9% Employee Benefits Expense 12.8 10.4 9.1 9.5 Oth
Slide 36: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet Particulars (Rs in Crs) Mar-25 Mar-24 Mar-23 Mar-22 Particulars (Rs in Crs) Mar-25 Mar-24 Mar-23 Mar-22 Equity Share Capital 5.0 5.0 5.0 5.0 Property, Plant and Equipment 125.7 125.5 44.0 35.7 Other Equity 296.1 275.2 245.7 211.9 Capital Work-in-progress 4.0 4.0
Slide 37: Consolidated Historical Cash Flow Statement
Consolidated Historical Cash Flow Statement Cash Flow Statement Mar-25 Mar-24 Mar-23 Mar-22 Cash Flow from Operating Activities Profit before Tax 60.0 48.8 49.8 78.9 Adjustment for Non-Operating Items 11.9 9.1 7.0 6.7 Operating Profit before Working Capital Changes 71.92 57.91 56.82 85.7 Changes in
Slide 38: Sustainable Return Ratios
Sustainable Return Ratios Cash flow from Operations Borrowings and Cash & Cash Equivalents ROCE (%) Rs. In Crs Rs. In Crs 89.5 27.0% 95.9 64.1 71.2 17.8% 17.4% 17.1% 49.7 27.4 19.2 19.8 7.6 -4.6 1.5 -21.5 Mar-22 Mar-23 Mar-24 Mar-25 Mar-22 Mar-23 Mar-24 Mar-25 Mar-22 Mar-23 Mar-24 Mar-25 Cash & Cash
Slide 39: Investor Relations Contact
Vidhi Specialty Food Ingredients Limited CIN: L24110MH1994PLC076156 Mr. Mitesh Manek - CFO mitesh.manek@vidhifoodcolors.com www.vidhifoodcolors.com Investor Relations Advisors : MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Parth Pat
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