Modi Naturals reports PAT of ₹50.3 crore in FY26
Modi Naturals Limited reported a 62.1% increase in consolidated PAT to ₹50.3 crore for FY26, driven by an 8.5% rise in revenue to ₹719.2 crore. The company’s EBITDA grew 31.2% to ₹73.5 crore. For FY27, it targets revenues of ₹925-965 crore and PAT of ₹66-70 crore.
*this image is generated using AI for illustrative purposes only.
Modi Naturals Limited reported a consolidated revenue of ₹719.2 crore for the financial year ended March 31, 2026, reflecting an 8.5% increase from the previous year. The company’s Profit After Tax (PAT) surged 62.1% to ₹50.3 crore, while EBITDA rose 31.2% to ₹73.5 crore with margins standing at 10.2%.
On a standalone basis, the company recorded revenue from operations of ₹381.83 crore compared to ₹338.01 crore in the previous financial year. Standalone PAT was ₹10.01 crore against ₹7.65 crore in the prior year. The board has recommended the adoption of the audited standalone and consolidated financial statements for the year ended March 31, 2026, at the upcoming Annual General Meeting.
Financial Performance
The company’s operational performance was driven by its three verticals: Consumer Goods, Bulk Edible Oil, and Ethanol. The Consumer Business reported revenue of ₹183.5 crore in FY26, compared with ₹179.4 crore in FY25, while EBITDA stood at ₹15.2 crore. The Bulk Business reported revenue of ₹198.3 crore, a 25% growth, and turned EBITDA profitable at ₹26 crore from a loss of ₹17 crore in the previous year.
The Ethanol Business, operated through its wholly-owned subsidiary Modi Biotech Private Limited, achieved a significant milestone with the commencement of commercial operations at its expanded grain-based ethanol facility in Chhattisgarh. The facility's capacity increased from 130 KLPD to 282 KLPD, a 117% increase over the last two years.
Operational Highlights
During the year, the company received listing and trading approval from the National Stock Exchange of India Limited, with equity shares commencing trading on December 11, 2025. The company’s flagship brand, Oleev, continued to strengthen its position among health-conscious consumers, while its packaged foods portfolio, including pasta, performed strongly across quick-commerce platforms.
Outlook
Looking ahead, the company remains optimistic about its growth prospects supported by strong momentum across its business segments. For FY2026-27, Modi Naturals targets revenues of ₹925-965 crore, EBITDA of ₹100-105 crore, and PAT of ₹66-70 crore.
| Metric | FY26 | FY25 |
|---|---|---|
| Consolidated Financials | ||
| Revenue from Operations (₹ crore) | 719.2 | 662.9 |
| EBITDA (₹ crore) | 73.5 | 56.0 |
| PAT (₹ crore) | 50.3 | 31.0 |
| Standalone Financials | ||
| Revenue from Operations (₹ crore) | 381.8 | 338.0 |
| PAT (₹ crore) | 10.0 | 7.6 |
Historical Stock Returns for Modi Naturals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.52% | +0.21% | +1.47% | +26.32% | +8.81% | +8.81% |
What are the expected revenue contributions from the newly expanded grain-based ethanol facility in FY27?
How will the company balance the increased operational capacity of the Chhattisgarh plant with potential fluctuations in grain prices?
What strategies are in place to sustain the strong performance of packaged foods across quick-commerce platforms beyond the initial growth phase?
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