Vidhi Specialty Food Ingredients Limited — PPTs, 11-11-2025: Investor Presentation

Vidhi Specialty Food Ingredients reported its financial results for the quarter and half-year ended September 30, 2025.

1. **Business Performance:** Q2 revenue declined 17.8% YoY to 75.0 Cr, while H1 revenue saw a 6.5% YoY decrease to 162.9 Cr. Despite lower revenue, the company improved its portfolio mix, leading to a 16.3% YoY rise in Q2 EBITDA to 17.7 Cr and a 2.3% YoY increase in PAT to 10.6 Cr. For H1, EBITDA grew 30.4% YoY to 38.2 Cr, and PAT climbed 24.1% YoY to 23.3 Cr.

2. **Growth Drivers or Strategy:** The company's Dahej SEZ plant (Phase I, 350 MT capacity) successfully commenced commercial production in December 2023. This expansion, funded by internal accruals, is set to boost high-margin product contributions and improve realizations. Future plans include a Phase II expansion at Roha MIDC (Arjun Foods) for value-added products, expected by 2026-27.

3. **Recent Developments:** Commercial production began at the Dahej plant. The company also declared a second interim dividend of Re. 1.50 per share for FY2025-26.

4. **Key Financial Metrics:** Q2 EPS stood at 2.11, and H1 EPS was 4.65. The debt-to-equity ratio remains healthy at 0.20.

5. **Management Commentary / Outlook:** Management emphasized improved profitability driven by a better product mix. They anticipate the Dahej plant will enhance margins and fuel growth through new high-margin products, customer expansion, and geographical penetration.