Vidhi Specialty Food Ingredients Limited – Investor Presentation Summary

Key Operational Highlights

  • 30 years of manufacturing experience catering to 12 sectors with 7,500 TPA capacity
  • Three production facilities with advanced manufacturing processes
  • 50% of electricity consumption at Roha facility generated from captive solar power plant
  • Two-Star Export House status with exports to over 80 countries across 6 continents
  • Products available in pack sizes ranging from 500 grams to 500 kilograms

Key drivers of operational performance: Increased demand, favorable product portfolio mix, higher sales of cosmetic dyes and value-added products

Segment-wise Performance

Not Specified

Financial Highlights

Revenue: Rs. 136.5 Cr (Q2 FY27), Rs. 282.8 Cr (H1 FY27)

EBITDA: Rs. 26.4 Cr (Q2 FY27), Rs. 52.4 Cr (H1 FY27)

PAT: Rs. 17.6 Cr (Q2 FY27), Rs. 34.7 Cr (H1 FY27)

EPS: Rs. 3.5 (Q2 FY27), Rs. 7.0 (H1 FY27)

Margins: GP% 38.2% (Q2 FY27), 35.8% (H1 FY27); EBITDA% 19.3% (Q2 FY27), 18.5% (H1 FY27); PAT% 12.9% (Q2 FY27), 12.3% (H1 FY27)

YoY comparison: Revenue up 82.0% (Q2), 73.6% (H1); EBITDA up 49.2% (Q2), 37.1% (H1); PAT up 66.9% (Q2), 49.3% (H1)

QoQ comparison: Revenue down 6.7%; EBITDA up 1.4%; PAT up 2.9%

Drivers of financial performance: EBITDA margin expanded by approximately 400 basis points driven by favorable product portfolio mix and higher sales of cosmetic dyes and value-added products

Comparison to market estimates: Not Specified

Key Risks: Not Specified

Geographical Revenue Split

Domestic vs Export/Regional Revenue: Not Specified

Top 10 countries contribute to ~78.73% of revenues in Q2 FY27 and ~78.08% in H1 FY27

Balance Sheet Snapshot (Consolidated, Sep-26)

Net Debt/Equity: Not Specified

Reserves: Rs. 357.5 Cr (Other Equity)

Current Assets: Rs. 305.4 Cr

Current Liabilities: Rs. 79.0 Cr

Working Capital/Leverage Metrics: Not Specified

Financial Health Insights: Strong equity base of Rs. 362.5 Cr with minimal long-term borrowings

Capex & Cash Flow Health

Capital Expenditure: Two strategic expansion projects underway

Free Cash Flow: Not Specified

Operating Cash Flow: Rs. 26.8 Cr (H1 FY27)

Net Debt Movement: Not Specified

Investment Rationale: Expansion into tablet coatings through Coat Icon, growing pipeline of specialty products, and application-driven innovations

Strategic & R&D Initiatives

Investments in Innovation: Two dedicated R&D facilities with team of PhDs and chemists, constantly working on process engineering and new product development

Expected impact on growth: Multiple growth engines expected to generate meaningful new revenue streams over coming years

Strategic Rationale: Transformation from product-focused organization to innovation-led, solutions-driven partner for customers

Industry Trends & Business Environment

Macro/Industry Trends: India food colorants market expected to grow from USD 210.98 million in 2026 to USD 311.69 million by 2031 at 8.12% CAGR

Growth drivers include diversified end user applications, economic viability against natural colors, and growing demand in emerging markets

Impact on Company: Positioned as Asia's 2nd largest food color manufacturer with existing capacity of ~7,500 MT p.a. plus ~4,200 MT p.a. under expansion

Management Commentary & Growth Outlook

Strategic Outlook: "We are entering an exciting new chapter where multiple growth engines are coming together to create significant long-term opportunities for the Company"

FY Guidance: Not Specified

Market Share Targets: Not Specified

Risks and Opportunities: Strategic evolution toward becoming an innovation-led, solutions-driven partner for customers