Modi Naturals Limited , a leading player in the edible oils and food products sector, has reported a 5% year-on-year growth in consolidated revenue for the quarter ended June 30. The company's financial results, coupled with strategic appointments and product launches, reflect its continued focus on expansion and operational excellence.

Financial Highlights

Modi Naturals achieved consolidated revenue of Rs 155.00 crore, up from Rs 147.70 crore in the same period last year. The company's EBITDA saw a significant increase of 33.1%, reaching Rs 17.70 crore. Profit after tax (PAT) grew by 40.6% to Rs 10.50 crore, demonstrating improved profitability.

The company's EBITDA margin improved to 11.4%, up from 9.0% in the same quarter of the previous year, indicating enhanced operational efficiency.

Business Segment Performance

Consumer Division

The Consumer Division witnessed healthy growth in edible oils and strong traction in quick-commerce for pasta products. The company launched Hing (asafoetida) under the Oleev Kitchen brand, marking its entry into the spices category. Additionally, Modi Naturals listed eight products under the CSD (Canteen Stores Department) network, receiving an encouraging response.

Bulk Division

The Bulk Division showed improvement, achieving a positive EBITDA of Rs 0.80 crore, compared to a loss of Rs 1.20 crore in the same period last year. This turnaround was attributed to a strategic shift to a leaner inventory model.

Ethanol Division

The Ethanol business continued to scale up, with EBITDA margins improving to 17.1% from 12.1%. The improvement was supported by lower grain prices, improved raw material availability, and better realizations from by-products.

Strategic Initiatives

Modi Naturals invested Rs 3.90 crore in marketing initiatives to strengthen brand visibility. The company also implemented a new ERP system during the quarter, which is expected to enable more robust tracking of operations and enhance decision-making capabilities across verticals.

New Appointment

The Board of Directors appointed Mr. Pradeep Kapoor as Chief Financial Officer, effective August 13. Mr. Kapoor brings over 25 years of experience in finance and accounts, with expertise in manufacturing, financial management, and corporate strategy.

Future Outlook

The company is progressing with its Phase 2 ethanol capacity expansion of 180 KLPD, with trial production targeted for Q3. This expansion is expected to further boost the company's ethanol business performance.

Commenting on the results, Mr. Akshay Modi, Joint Managing Director of Modi Naturals, said, "We are pleased to report a resilient performance for Q1. Our strategic initiatives across business divisions are yielding tangible results. With strong execution and an unwavering focus, we reiterate our commitment to achieving the guidance."

Modi Naturals Limited continues to focus on diversifying its product portfolio, enhancing operational efficiency, and expanding its market presence in the FMCG sector.

Modi Naturals Limited , a prominent player in the Indian food industry, has announced a significant change in its top management. The company's Chief Financial Officer (CFO), Mr. Pradeep Kapoor, is set to resign from his position, effective July 29, 2025.

Resignation Details

Mr. Kapoor, who has been serving as both CFO and Key Managerial Personnel (KMP) of Modi Naturals, cited "other commitments and pre-occupations" as the reason for his departure. The company made this announcement in compliance with the Securities and Exchange Board of India (SEBI) listing regulations, specifically Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Official Communication

In an official letter to the Bombay Stock Exchange (BSE), Modi Naturals' Company Secretary and Compliance Officer, Rajan Kumar Singh, stated:

"Mr. Pradeep Kapoor, Chief Financial Officer ("CFO") and Key Managerial Personnel ("KMP") of the Company, has resigned from the post of Chief Financial Officer of the Company effective from the closing of business hour of 29th July, 2025 due to other commitments and other pre-occupations."

No Material Reasons

The company's disclosure also emphasized that there are no material reasons for Mr. Kapoor's resignation beyond those stated. This clarification is in line with SEBI's requirements for transparency in corporate governance matters.

Impact and Next Steps

While the departure of a key executive like the CFO can be significant for any company, Modi Naturals has not yet announced a successor or interim arrangement for the CFO position. Stakeholders and investors will likely be watching closely for any updates on the company's plans to fill this crucial role.

The resignation of Mr. Kapoor comes at a time when companies across sectors are seeing increased scrutiny of their financial management and reporting practices. Modi Naturals' prompt disclosure of this change in key management personnel demonstrates its commitment to regulatory compliance and transparency.

As the effective date of Mr. Kapoor's resignation approaches, the market will be keen to see how Modi Naturals manages this transition and who will take on the responsibilities of guiding the company's financial strategy going forward.