Vidhi Specialty Food Ingredients Q2 FY27 Earnings Call Transcript Released
Vidhi Specialty Food Ingredients released its Q2 FY27 earnings call transcript. Consolidated revenue grew 82% YoY to ₹136.5 crore. PAT increased 66.9% to ₹17.6 crore. The company plans a ₹75-85 crore capex for a new Dahej facility, expected to generate ₹225-250 crore revenue. CoatIcon brand expansion involves ₹25-35 crore investment.
The announcement details strong financial performance, significant capital expenditure plans for expansion, and strategic initiatives like the CoatIcon brand, all of which are material to investors.
The company reported significant year-on-year growth in revenue and profits, highlighted expansion plans with substantial capex, and provided positive outlooks for future performance.
Vidhi Specialty Food Ingredients Limited has released the transcript of its Q2 and H1 FY27 Earnings Conference Call, which was held on October 26, 2026. The call featured insights from Joint Managing Director Mr. Mihir Manek and Chief Financial Officer Mr. Mitesh Manek.
During the call, the management discussed the global food colors market, which was valued at USD3.5 billion in 2025 and is projected to reach USD5.6 billion by 2033, with a CAGR of 5.9%. The Indian market is growing at 7-9% annually. The company highlighted its strong export positioning and consistent quality standards as drivers for growth.
Expansion plans include achieving full capacity utilization at the Dahej facility and progressing on a new plot in Dahej GIDC. The new facility, with a capital investment of approximately ₹75-85 crores, is scheduled for construction starting in Q4 FY26-'27 and commissioning by mid-to-end FY28. This new venture is expected to generate ₹225-250 crores in revenue.
Updates were also provided on the CoatIcon brand, focusing on tablet coatings for pharmaceutical companies. The company has secured necessary regulatory approvals like EXCiPACT and US DMF. While the vendor approval process is lengthy, small sales of ₹8-10 lakhs per month are being generated, with expectations of significant scale-up in 2-3 years. A dedicated manufacturing facility for CoatIcon is planned with an investment of ₹25-35 crores.
Financially, for Q2 FY27, consolidated revenue grew 82% year-on-year to ₹136.5 crores. EBITDA increased by 49.2% to ₹26.4 crores, and PAT grew 66.9% to ₹17.6 crores. For H1 FY27, consolidated revenue reached ₹282.8 crores, with PAT at ₹34.7 crores, up 49.3% year-on-year. The company expects H2 FY27 performance to be similar to or better than H1.
Discussions also covered increased trading sales, the dynamics of higher freight costs impacting other expenses, and the company's capacity utilization. The management clarified that trading revenue is opportunistic and not part of the core strategy. They also addressed investor feedback regarding investor interactions and presentation timelines.
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