VADILAL INDUSTRIES LTD

Operates in the FMCG food products space, classified under the dairy products industry, selling packaged food and dairy items to consumers through retail channels. In FY26, consolidated revenue was Rs 1,503.12 crore, up 21.2% from Rs 1,240.26 crore in FY25, while standalone revenue grew 9.5% to Rs 1,109.54 crore; the gap between standalone and consolidated figures indicates subsidiaries add meaningfully to the top line. Manufacturing runs from three plant locations — Bareilly, Dharampur and Pundhra — across which the company recently reviewed minimum-wage compliance for both direct employees and contract workmen. The cost stack is dominated by raw materials at 43.1% of revenue, followed by other operating expenses at 22.3% and employee costs at 11.2%, leaving depreciation at 3.2% and an EBITDA margin of roughly 18% on a consolidated basis. Consolidated net profit for FY26 was Rs 155.11 crore, and the board doubled the dividend to Rs 43 per share.