Vadilal Industries Limited reported a standalone net profit of ₹98.01 crore for the financial year ended March 31, 2026, a decline from ₹113.88 crore in the previous year. Revenue from operations for FY26 stood at ₹1,109.54 crore, an increase from ₹1,013.51 crore in FY25. The board has recommended a dividend of ₹43 per equity share of ₹10 each, subject to shareholder approval at the ensuing Annual General Meeting, compared to ₹21 per share in the previous year.

For the quarter ended March 31, 2026, the company recorded a standalone net profit of ₹45.68 crore on revenue of ₹295.49 crore. In the corresponding quarter of the previous year, the net profit was ₹19.06 crore on revenue of ₹232.17 crore. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 at a meeting held on May 27, 2026. The statutory auditor, Walker Chandiok & Co LLP, provided an unmodified opinion on the financial results.

On a consolidated basis, the company reported a net profit of ₹155.11 crore for FY26, up from ₹150.33 crore in the previous year. Consolidated revenue from operations for the year was ₹1,503.12 crore, compared to ₹1,240.26 crore in FY25. For the quarter ended March 31, 2026, consolidated net profit was ₹54.86 crore on revenue of ₹415.83 crore.

The company recognized an incremental impact of ₹4.18 crore on employee benefit expenses for the year ended March 31, 2026, primarily due to the revised wage definition under the new Labour Codes notified by the Government of India. The board also noted the proposed scheme of amalgamation of promoter group companies Vadilal Finance Company Private Limited, Veronica Constructions Private Limited, and Vadilal International Private Limited with the company.

Financial Performance

Vadilal Industries Limited has announced the appointment of Mr. Nagarajan Sivaramakrishnan as Interim Chairman of its Board of Directors, effective 12 May 2026. The decision was taken at a Board meeting held on the same date and has been disclosed to stock exchanges pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Mr. Nagarajan Sivaramakrishnan (DIN: 03060429), who serves as an Independent Director of the company, has been designated as Interim Chairman for a period of 1 year. The company confirmed that Mr. Nagarajan Sivaramakrishnan is not related to any of the other directors of the company.

The key details of the appointment, as disclosed in Annexure A filed with the exchanges, are summarised below:

Profile of the Appointee

Mr. Nagarajan Sivaramakrishnan brings over 24 years of experience in the private sector. He headed Mother Dairy for seven years, gaining experience across three diverse businesses — vegetables, edible oil (fresh), and milk, fruits and dairy sector. Prior to that, he served at Frito Lay India (part of Pepsi Group) as National Head of Sales. He has also held key leadership roles in manufacturing and sales at prominent consumer companies, including Cadbury and Nestle.

Regulatory Disclosure

The intimation was submitted to both the National Stock Exchange of India Ltd. and BSE Limited on 12 May 2026, signed by Rashmi Bhatt, Company Secretary & Compliance Officer of Vadilal Industries Limited. The disclosure was made in compliance with the applicable provisions of SEBI (LODR) Regulations, 2015.