Vidhi Specialty Food Ingredients Ltd
NSE:VIDHIING
Vidhi Specialty Food Ingredients Ltd
Vidhi Specialty Food Ingredients Ltd. engages in the manufacturing and trading of food colors and chemicals. The company is headquartered in Mumbai, Maharashtra. The principal geographical areas, in which the Company operates are Asian Countries, European Countries, South Africa, Middle East Countries, the United States and other. The Company’s subsidiary includes Arjun Food Colorants Manufacturing Private Limited. The firm offers synthetic water-soluble colors, including TARTRAZINE, QUINIOLINE YELLOW, SUNSET YELLOW FCF; aluminum lakes, including Lake Lake Tartrazine, Sunset Yellow FCF, Lake Quinoline Yellow; natural colors; iron oxides; natural lakes; food, drugs and cosmetics (FD&C) certified; FD&C certified lakes; and drugs and cosmetics (D&C) colors.
Vidhi Specialty Food Ingredients Ltd. engages in the manufacturing and trading of food colors and chemicals. The company is headquartered in Mumbai, Maharashtra. The principal geographical areas, in which the Company operates are Asian Countries, European Countries, South Africa, Middle East Countries, the United States and other. The Company’s subsidiary includes Arjun Food Colorants Manufacturing Private Limited. The firm offers synthetic water-soluble colors, including TARTRAZINE, QUINIOLINE YELLOW, SUNSET YELLOW FCF; aluminum lakes, including Lake Lake Tartrazine, Sunset Yellow FCF, Lake Quinoline Yellow; natural colors; iron oxides; natural lakes; food, drugs and cosmetics (FD&C) certified; FD&C certified lakes; and drugs and cosmetics (D&C) colors.
Revenue Decline: Q2 FY '26 revenue fell 17.8% year-on-year to INR 75 crores due to exit from low-margin trading business and lower exports.
Profitability Up: Despite sales drop, EBITDA grew 16.3% YoY to INR 17.7 crores, with EBITDA margin rising to 23.6% (from 16.6%).
Product Mix Shift: Company is moving towards higher-margin, value-added products, now targeting these to account for 50% of revenue in coming quarters.
Capacity Expansion: Dahej plant ramped up to 65–70% utilization, aiming for 100% by year-end; new land acquired for further expansion.
US Tariff Impact Fading: US sales were hit by tariffs in Q2 (causing 10% revenue impact), but management expects almost no impact in the current quarter.
Non-Food Segment Growth: Non-food applications currently 2.5–5% of revenue, expected to grow to double digits as industries voluntarily switch from carcinogenic dyes.
Dividend Declared: Second interim dividend of INR 1.50 per share announced for FY 2025–26.
