Vidhi Specialty Food Targets Growth Through Expansion and Innovation
Vidhi Specialty Food Ingredients Limited announced growth strategies focusing on backward integration and capacity expansion at its Dahej plant. Despite a 17.81% YoY revenue decrease to ₹75.66 crore in Q2 FY26, the company improved its EBITDA by 16.45% to ₹17.70 crore and PAT by 2.91% to ₹10.60 crore. The company plans to increase total capacity from 325 TPM to 1000 TPM, expand globally, and enhance its natural colors portfolio. A second interim dividend of ₹1.50 per share was declared for FY 2025-26.

*this image is generated using AI for illustrative purposes only.
Vidhi Specialty Food Ingredients Limited has unveiled plans for growth, focusing on backward integration and capacity expansion at its Dahej plant. The company, which specializes in food colors and chemicals, aims to strengthen its position in the global market through strategic initiatives and product innovation.
Financial Performance
For the quarter ended September 30, Vidhi Specialty reported consolidated revenue from operations of ₹75.66 crore, compared to ₹92.06 crore in the same quarter of the previous year. Despite the decrease in revenue, the company improved its profitability:
| Metric (₹ in crore) | Q2 FY26 | Q2 FY25 | YoY Change |
|---|---|---|---|
| Revenue | 75.66 | 92.06 | -17.81% |
| EBITDA | 17.70 | 15.20 | +16.45% |
| Profit After Tax | 10.60 | 10.30 | +2.91% |
The company's EBITDA margin improved to 23.6% in Q2 FY26, up from 16.6% in Q2 FY25, indicating enhanced operational efficiency.
Growth Strategies
Vidhi Specialty is implementing several strategies to drive future growth:
Backward Integration: The company plans to strengthen its supply chain and reduce costs through backward integration initiatives.
Capacity Expansion: Expansion is underway at the Dahej plant, which is expected to increase the company's total capacity from 325 TPM to 1000 TPM.
Product Portfolio Enhancement: Vidhi is launching new products in the natural colors segment, aiming to capture a larger market share in this growing category.
Global Expansion: The company is scaling its presence across more than 90 countries, leveraging its diverse product range and quality standards.
Focus on High-Margin Products: There is a strategic emphasis on enhancing the natural color portfolio, which typically offers higher margins.
R&D and Innovation: Continued investment in research and development is expected to drive innovation and cater to premium food and beverage demand.
Dividend Announcement
The Board of Directors has declared a second interim dividend of ₹1.50 per equity share (150%) for the financial year 2025-26, amounting to a total payout of ₹7.49 crore.
Market Outlook
Vidhi Specialty is positioning itself to capitalize on the growing global demand for food colors and specialty ingredients. The company's focus on natural colors aligns with consumer trends towards clean label and natural products.
Chairman and Managing Director Bipin M. Manek stated, "Our strategic initiatives are aimed at enhancing our manufacturing capabilities and expanding our global footprint. We are confident that our focus on innovation and quality will drive sustainable growth in the coming years."
As Vidhi Specialty Food Ingredients Limited implements these growth strategies, investors and industry observers will be watching closely to see how the company navigates market challenges and capitalizes on opportunities in the evolving food ingredients sector.
Historical Stock Returns for Vidhi Specialty Food Ingredients
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +8.75% | +15.05% | +4.16% | -15.70% | -24.25% | +186.61% |






























