Modi Naturals Limited , a leading Indian consumer goods company in the wellness and foods segment, has officially announced the listing of its equity shares on the National Stock Exchange of India Limited (NSE). The company issued a press release under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming this significant corporate milestone.

NSE Listing Details

The NSE listing strengthens Modi Naturals' presence across India's leading stock exchanges, as the company is already listed on the BSE. This dual listing enhances visibility, liquidity, and provides access to a wider investor base.

Management Commentary

Mr. Akshay Modi, Joint Managing Director of Modi Naturals, commented on the listing milestone: "The listing of Modi Naturals Limited on the National Stock Exchange marks a defining milestone in our journey and reflects the steady progress we have made in building a credible, resilient, and growth-oriented organization. This transition initiates a new phase for the Company, as we focus on scaling our operations with discipline, strengthening governance, and executing our long-term growth strategy."

Company Operations and Growth Strategy

Modi Naturals operates in the wellness and foods category with a portfolio of brands including Oleev, Oleev Kitchen, and PIPO foods. The company has established Oleev as the No. 1 Goodness of Olive Oil brand in India with a fully backward-integrated product portfolio.

Business Verticals and Expansion

The NSE listing comes as Modi Naturals advances its growth plans across three key business verticals:

In line with the Ethanol Blended Petrol (EBP) program, the company has diversified into ethanol manufacturing through its wholly owned subsidiary Modi Biotech Pvt. Ltd., establishing a state-of-the-art greenfield ethanol plant in Chhattisgarh.

Contact Information

The company has developed a pan-India distribution network across all FMCG channels, including emerging Q-Commerce platforms, serving consumers through online and offline retail modes across the country.

Modi Naturals Ltd , a leading player in the FMCG and ethanol sectors, has reported a robust financial performance for the second quarter of fiscal year 2026, demonstrating resilience in the face of market challenges and positioning itself for future growth.

Financial Highlights

The company achieved significant growth in its bottom line for Q2FY26:

This strong performance comes despite the impact of GST transition on the consumer division, highlighting the company's ability to navigate regulatory changes effectively.

Ethanol Division Expansion

Modi Naturals has made substantial progress in its ethanol business:

• Secured ethanol orders worth ₹400.00 crores from Oil Marketing Companies (OMCs)
• Expanding ethanol production capacity to 310 KLPD
• New 180 KLPD facility expected to commence operations by December 2025

The expansion aligns with India's push for increased biofuel usage and positions Modi Naturals as a key player in the sector.

Consumer Division Performance

While facing short-term challenges due to GST transitions, the consumer division shows promise:

• Increased marketing and advertising spend to ₹9.15 crores in H1FY26
• Strong performance in e-commerce channels, particularly for pasta products
• Introduction of new products, including Hing in the spice category

Strategic Outlook

Modi Naturals is focusing on several key areas for growth:

1. Capacity Utilization: The company aims to fully utilize its expanded ethanol capacity, leveraging the growing demand for biofuels.
2. Product Diversification: Plans to enter the ready-to-eat snacking segment, expanding its FMCG portfolio.
3. Distribution Expansion: Deepening presence in Tier 2 and Tier 3 markets to capture evolving consumption patterns.
4. Operational Efficiency: Implementing a lower inventory business model in the bulk division to enhance profitability.

Management Commentary

Akshay Modi, Joint Managing Director, stated, "We are confident of achieving our set of numbers. We expect growth from all three divisions, with the bulk division contributing significantly in the second half of the year due to seasonality factors."

Modi also emphasized the company's long-term vision for the FMCG division, targeting revenue of ₹500.00 crores in the coming years.

Conclusion

Modi Naturals' Q2FY26 results demonstrate the company's resilience and strategic focus. With its expanded ethanol capacity, growing FMCG portfolio, and operational improvements, the company appears well-positioned to capitalize on both the renewable energy trend and evolving consumer preferences in the Indian market.