VIDHIINGVidhi Specialty Food Ingredients Ltd.

Vidhi Specialty Food Ingredients Q2 FY27 Results: Consolidated Net Profit ₹17.12 Crore on Total Income of ₹137 Crore

Earnings
Food ingredients

Blacklitt Research26 October 20263 min read

Vidhi Specialty Food Ingredients (NSE: VIDHIING) reported consolidated total income of ₹137.00 crore and net profit of ₹17.12 crore for the quarter ended 30 Sep 2026, it said in a filing on 26 Oct 2026. The standalone figures for the quarter are the same.

Key highlights

Consolidated

Including its subsidiaries

Total income: ₹137.00 crore, up 81.0% YoY and down 6.5% QoQ
Net profit and EPS: Net profit ₹17.12 crore, up 140.2% YoY; basic EPS ₹3.53
Finance costs: ₹1.98 crore, down 20.9% YoY

Standalone

The company on its own, without its subsidiaries

Total income: ₹137.00 crore, up 81.0% YoY and down 6.5% QoQ
Net profit and EPS: Net profit ₹17.12 crore, up 140.2% YoY; basic EPS ₹3.53
Finance costs: ₹1.98 crore, down 20.9% YoY

Summary

Consolidated ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	137.00	75.68	+81.0%	146.48	-6.5%
Revenue from operations	136.51	74.99	+82.0%	146.28	-6.7%
Other income	0.49	0.68	-28.3%	0.20	+145.0%
	17.12	7.13	+140.2%	17.10	+0.1%
Profit before tax	17.62	10.70	+64.7%	17.55	+0.4%
Finance costs	1.98	2.51	-20.9%	n/a	n/a
Depreciation	4.38	4.65	-5.7%	n/a	n/a
Tax expense	4.51	3.57	+26.2%	n/a	n/a
Net profit margin	12.49%	9.42%	+3.08 pp	11.68%	+0.82 pp
EPS, basic (₹)	3.53	n/a	n/a	3.43	+2.9%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Net profit rose faster than total income in the year-on-year comparison. Net profit reached ₹17.12 crore against ₹7.13 crore in Q2 FY26, a rise of 140.2%, while total income rose 81.0% and profit before tax rose 64.7%, from ₹10.70 crore to ₹17.62 crore.

Tax expense rose 26.2% to ₹4.51 crore, which is 25.6% of profit before tax, against ₹3.57 crore a year earlier. Finance costs fell 20.9% to ₹1.98 crore, or 1.4% of total income. Other income of ₹0.49 crore is 2.8% of profit before tax and was down 28.3% from ₹0.68 crore.

Against the June quarter, total income fell 6.5% and revenue from operations fell 6.7%, while net profit rose 0.1% from ₹17.10 crore and profit before tax rose 0.4% from ₹17.55 crore.

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	137.00	75.68	+81.0%	146.48	-6.5%
Revenue from operations	136.51	74.99	+82.0%	146.28	-6.7%
Other income	0.49	0.68	-28.3%	0.20	+145.0%
	17.12	7.13	+140.2%	17.10	+0.1%
Profit before tax	17.62	10.70	+64.7%	17.55	+0.4%
Finance costs	1.98	2.51	-20.9%	n/a	n/a
Depreciation	4.38	4.65	-5.7%	n/a	n/a
Tax expense	4.51	3.57	+26.2%	n/a	n/a
Net profit margin	12.49%	9.42%	+3.08 pp	11.68%	+0.82 pp
EPS, basic (₹)	3.53	n/a	n/a	3.43	+2.9%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

The standalone figures match the consolidated ones for the quarter: total income of ₹137.00 crore, net profit of ₹17.12 crore and basic EPS of ₹3.53. The consolidated results include the wholly owned subsidiary Arjun Food Colorants Manufacturing Private Limited.

For the half year ended 30 Sep 2026, standalone net profit was ₹34.73 crore on profit before tax of ₹46.69 crore.

Inference

The statutory auditors, Bhuta Shah & Co LLP, issued an unmodified limited review report on both the standalone and consolidated results, and the company operates in a single business segment of food colours and chemicals.

Independent Director Ashit K. Doshi resigned with effect from close of business on 26 Oct 2026, citing personal reasons, and ceases to be a member of the Audit Committee and the Nomination & Remuneration Committee. He has confirmed there are no material reasons for the resignation other than those in his letter. Not stated: whether a replacement director will be appointed.

No dividend was paid in the half year ended 30 Sep 2026, whereas a dividend was paid in the half year ended 30 Sep 2025.

Reference: Original filing (PDF)

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Vidhi Specialty Food Ingredients Q2 FY27 Results: Consolidated Net Profit ₹17.12 Crore on Total Income of ₹137 Crore

Key highlights

Consolidated

Standalone

Summary

Inference

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