Vadilal Industries Q1 net profit jumps 96% to ₹130.9 crore on margin expansion
Vadilal Industries delivered robust Q1FY27 results with consolidated net profit jumping 96% YoY to ₹130.91 crore, supported by 34% revenue growth to ₹680.06 crore. Operational strength was evident as EBITDA rose 66% to ₹166 crore, expanding margins to 24.47% from 19.76%. Standalone profits doubled to ₹106.57 crore. The board declared an interim dividend of ₹17 per share.
*this image is generated using AI for illustrative purposes only.
Vadilal Industries reported a sharp acceleration in profitability for the first quarter of FY27, with consolidated net profit after tax rising 96% year-on-year to ₹130.91 crore. This compares to a net profit of ₹66.98 crore in Q1FY26. The growth was underpinned by a 34% increase in revenue from operations, which reached ₹680.06 crore against ₹506.59 crore in the corresponding period of the previous fiscal.
Operational efficiency improved significantly alongside top-line growth. Consolidated EBITDA rose to ₹166 crore from ₹100 crore in Q1FY26, representing a substantial expansion in operating leverage. Consequently, the EBITDA margin widened to 24.47% from 19.76% in the prior year quarter, indicating better cost control or a favorable product mix relative to the previous fiscal period.
The company’s standalone results mirrored this upward trajectory. Standalone net profit doubled to ₹106.57 crore from ₹53.36 crore in Q1FY25, while standalone revenue climbed 37% to ₹584.27 crore. Earnings per share (EPS) on a consolidated basis stood at ₹182.13, a significant jump from ₹93.19 in the prior year quarter.
What the Numbers Show
A notable divergence emerged between the standalone and consolidated financials regarding other income. While standalone other income declined to ₹5.67 crore from ₹3.71 crore in Q1FY25, consolidated other income surged to ₹27.25 crore from just ₹3.84 crore in the same period last year. This indicates that non-operating gains were primarily generated at the group level rather than within the core food business entity, contributing significantly to the bottom-line expansion without impacting operational revenue metrics directly. The combination of strong operational margin expansion (EBITDA margin up ~470 bps) and higher group-level other income drove the near doubling of net profits.
Dividend and Corporate Actions
The board of directors approved an interim dividend of ₹17.00 per equity share of face value ₹10 each for the financial year 2026-27. The record date for determining eligibility for this dividend is fixed as August 21, 2026.
Additionally, the board approved convening the company’s 42nd Annual General Meeting (AGM) on September 10, 2026. The meeting will be held via video conferencing or other audio-visual means. The book closure period is set from September 4, 2026, to September 10, 2026, with the cut-off date being September 3, 2026.
Financial Performance Overview
| Metric | Q1FY27 (Consolidated) | Q1FY26 (Consolidated) | Change |
|---|---|---|---|
| Revenue from Operations | ₹680.06 crore | ₹506.59 crore | +34.2% |
| EBITDA | ₹166 crore | ₹100 crore | +66.0% |
| EBITDA Margin | 24.47% | 19.76% | +471 bps |
| Net Profit After Tax | ₹130.91 crore | ₹66.98 crore | +95.4% |
| Total Income | ₹707.31 crore | ₹510.43 crore | +38.6% |
| Total Expenses | ₹533.67 crore | ₹421.70 crore | +26.5% |
On a standalone basis, total income rose to ₹589.94 crore from ₹429.15 crore in Q1FY25. Total expenses increased to ₹447.26 crore from ₹357.62 crore, reflecting higher costs associated with the expanded revenue base. Finance costs remained relatively stable at ₹4.44 crore for the consolidated entity compared to ₹3.83 crore in the previous year quarter.
The unaudited standalone and consolidated financial results were reviewed by Walker Chandiok & Co LLP and approved by the board during its meeting held on August 12, 2026.
Historical Stock Returns for Vadilal Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.56% | -0.66% | +12.72% | +35.88% | +43.81% | +531.42% |
Can the 24.47% EBITDA margin expansion be sustained in subsequent quarters, or is it largely driven by one-off favorable product mix and cost controls?
What specific strategic initiatives or asset monetization activities contributed to the surge in consolidated other income to ₹27.25 crore?
How does Vadilal's accelerated profitability position it against competitors like Amul and Mother Dairy in the increasingly competitive Indian dairy market?
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