Vidhi Specialty Food Ingredients Q2FY27 Net Profit Rises 64.7% to ₹176.3 Crore as Revenue Jumps 82%

Vidhi Specialty Food Ingredients reported a net profit of ₹176.3 crore for the second quarter of fiscal year 2027, up 64.7% from ₹107.0 crore a year earlier, with revenue from operations rising 82.0% to ₹1,365.1 crore. ScanX reported the results. The company makes food-grade additives and functional ingredients, including food colours and chemicals.

Vidhi Specialty's Q2FY27 Profit and Revenue Growth

The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended September 30, 2026, at a meeting held on October 26, 2026. Total income rose 81.0% to ₹1,370.0 crore from ₹756.8 crore, and profit before tax climbed 57.6% to ₹236.6 crore from ₹150.1 crore. Basic earnings per share came to ₹3.53, up 64.9% from ₹2.14.

Total expenses rose 86.8% to ₹1,133.3 crore from ₹606.7 crore, while the cost of materials consumed increased 10.5% year-on-year. Trade receivables stood at ₹1,707.5 crore as of September 30, 2026, up 19.4% from ₹1,429.6 crore as of March 31, 2026. Cash and cash equivalents were ₹80.6 crore, with additional bank balances of ₹314.4 crore, against short-term borrowings of ₹534.2 crore.

The Board accepted the resignation of Independent Director Ashit K. Doshi, effective immediately, due to personal reasons. Doshi, who served on the Audit and Nomination & Remuneration Committees, tendered his resignation on October 26, 2026, and confirmed in his letter that there were no other material reasons for his departure. The Board placed on record its appreciation for his guidance during his tenure.

Vidhi Specialty's Annual Report and AGM

Vidhi Specialty Food Ingredients filed its FY26 annual report with the Bombay and National Stock Exchanges, and its 33rd AGM was scheduled for September 24, 2026, via video conferencing, ScanX reported. The company filed its FY26 sustainability report on August 31, 2026, reporting a turnover of ₹3,800.3 crore and net worth of ₹3,191.2 crore. At the AGM on September 24, 2026, shareholders adopted the FY26 financials, confirmed interim dividends and appointed Chetan Prabhudas Bavishi as a non-executive independent director for five years, according to ScanX. Bavishi had been appointed an Additional Independent Director for a five-year term effective August 11, 2026.

What Follows Vidhi Specialty's Q2FY27 Results

The Board accepted Doshi's resignation effective October 26, 2026, leaving his seats on the Audit and Nomination & Remuneration Committees. The company's own announcements are published on its website.