| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 463 | 341 | +35.5% |
| EBITDA | 83.8 | 51.3 | +63.5% |
| EBITDA margin | 18.1% | 15.0% | +3.1 pts |
| Profit before tax | 72.8 | 43.2 | +68.7% |
| Net profit | 54.8 | 33.4 | +64.0% |
| EPS | ₹76.27 | ₹46.50 | +64.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 5,450 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 252 | 52.4 | 53.1 | 54.2 | 31.9 | ||
| 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | ||
| 91.4 | 91.4 | 82.4 | 118 | 205 | ||
| 5,290 | — | — | — | — | ||
| 1,796 | 1,503 | 1,238 | 1,125 | 1,058 | ||
| — | +21.4% | +10.0% | +6.4% | — | ||
| 346 | 249 | 238 | 220 | 163 | ||
| 19.2% | 16.6% | 19.2% | 19.6% | 15.4% | ||
| 290 | 200 | 196 | 185 | 133 | ||
| 240 | 155 | 150 | 146 | 96.3 | ||
| 13.4% | 10.3% | 12.1% | 13.0% | 9.1% | ||
| ₹334.41 | ₹236.58 | ₹214.28 | ₹202.95 | ₹133.93 | ||
| — | +10.4% | +5.6% | +51.5% | — | ||
| — | 143 | 130 | 192 | 39.5 | ||
| — | −0.8 | −2.4 | −0.5 | −58.4 | ||
| 142 | 142 | 128 | 192 | −18.9 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 5,450.0 | |
| - Cash, Equiv & ST Investments | 31.9 | 54.2 | 53.1 | 52.4 | 251.9 | |
| + Minority Interest | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | |
| + Total Debt | 204.5 | 117.9 | 82.4 | 91.4 | 91.4 | |
| Enterprise Value | — | — | — | — | 5,289.8 | |
| Revenue | 1,057.9 | 1,125.3 | 1,238.1 | 1,503.1 | 1,796.5 | |
| Growth %, YoY | — | +6.4 | +10.0 | +21.4 | — | |
| EBITDA | 162.5 | 220.2 | 238.3 | 248.8 | 345.7 | |
| Margin % | 15.36 | 19.57 | 19.24 | 16.55 | 19.24 | |
| EBIT | 132.6 | 185.3 | 196.1 | 200.0 | 290.1 | |
| Net Income | 96.3 | 145.9 | 150.3 | 155.1 | 240.4 | |
| Margin % | 9.10 | 12.97 | 12.14 | 10.32 | 13.38 | |
| EPS, Adj (current shares) | 133.93 | 202.95 | 214.28 | 236.58 | 334.41 | |
| Growth %, YoY | — | +51.5 | +5.6 | +10.4 | — | |
| Cash from Operations | 39.5 | 192.0 | 130.0 | 143.1 | — | |
| Capital Expenditures | -58.4 | -0.5 | -2.4 | -0.8 | — | |
| Free Cash Flow | -18.9 | 191.5 | 127.7 | 142.3 | 142.3 | |
Prices at the previous close · figures from the company's filings with NSE
Vadilal Industries (NSE: VADILALIND) had a market capitalisation of ₹5,450 crore at the previous close (₹7,580.00 a share), a PE ratio of 21.7 on the last four quarters' profit and a price-to-book ratio of 5.48. In FY26 its consolidated net profit attributable to shareholders was ₹170 crore on revenue of ₹1,503 crore; in Q2 FY27 (July–September 2026) it was ₹57.1 crore, up 50.0% year on year. Its debt-to-equity ratio was 0.14 on 30 September 2026. Promoters held 64.72% of the shares on 30 September 2026.
Vadilal Industries' PE ratio is 21.7 at the previous close (₹7,580.00 a share): a market capitalisation of ₹5,450 crore divided by consolidated net profit attributable to shareholders of ₹251 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹170 crore) it is 32.0.
Vadilal Industries' price-to-book (PB) ratio is 5.48 at the previous close: a market capitalisation of ₹5,450 crore divided by shareholders' equity (book value) of ₹995 crore on 30 September 2026. That is a book value of ₹1,383.88 per share against a share price of ₹7,580.00.
Vadilal Industries' book value per share was ₹1,383.88 on 30 September 2026: shareholders' equity of ₹995 crore divided by the 71.9 lakh shares in issue, up 26.7% from ₹1,092.34 a year earlier. The share price at the previous close was ₹7,580.00.
Vadilal Industries' market capitalisation was ₹5,450 crore at the previous close: 71.9 lakh shares at ₹7,580.00 each.
No. Vadilal Industries had borrowings of ₹142 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.14. Its cash and current investments were ₹257 crore, so it held net cash of ₹115 crore.
Vadilal Industries' basic earnings per share (EPS) were ₹215.78 in FY26, against ₹209.15 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹334.50.
Vadilal Industries' debt-to-equity ratio was 0.14 on 30 September 2026: borrowings of ₹142 crore against total equity of ₹995 crore. A year earlier, on 30 September 2025, it was 0.09.
Vadilal Industries' net worth — shareholders' equity in its consolidated balance sheet — was ₹995 crore on 30 September 2026, up 26.7% from ₹785 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹5,450 crore at the previous close.
Vadilal Industries' dividend yield is 0.79% at the previous close: dividends of ₹60 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹7,580.00. They were ₹43 on 3 September 2026 and ₹17 on 21 August 2026 (interim).
In FY26, Vadilal Industries' return on equity (ROE) was 22.0% and its return on capital employed (ROCE) was 20.5%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 24.9% and ROCE 24.6%.
Promoters held 64.72% of Vadilal Industries on 30 September 2026, down 0.01 percentage points from 64.73% the previous quarter and down 0.01 percentage points from 64.73% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Vadilal Industries' shares were held by promoters 64.72%, foreign portfolio investors (FII/FPI) 1.41%, domestic institutions (DII) 1.63% (including mutual funds at 0.11%) and retail and other non-institutional investors 32.24%. Over the year, FII holding was up 0.84 percentage points from 0.57% and DII holding was up 1.16 percentage points from 0.47%.
In 2026, Vadilal Industries has declared two dividends totalling ₹60 a share: ₹17 (interim) with record date 21 August 2026 and ₹43 with record date 3 September 2026.
In FY26, Vadilal Industries generated ₹143 crore of cash from operations and spent ₹77 lakh on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹142 crore. In FY25 it was ₹128 crore.
Vadilal Industries has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
Vadilal Industries' latest results are for Q2 FY27 (July–September 2026), filed on 30 October 2026: consolidated net profit attributable to shareholders ₹57.1 crore, up 50.0% from ₹38.1 crore in Q2 FY26; revenue from operations ₹463 crore, up 35.5% year on year.
In FY26 (April 2025–March 2026), Vadilal Industries' consolidated net profit attributable to shareholders was ₹170 crore, up 10.4% from ₹154 crore in FY25, on revenue from operations of ₹1,503 crore (up 21.4%). Over three years, from FY23, net profit was up 76.6%.
In FY26, Vadilal Industries earned net profit attributable to shareholders of ₹170 crore on revenue of ₹1,503 crore, against ₹267 crore on ₹4,125 crore for Dodla Dairy. Vadilal Industries' operating margin was 13.3% (Dodla Dairy 5.5%) and its return on equity 22.0% (Dodla Dairy 17.3%).
On FY26 consolidated figures, against Dodla Dairy, Kwality Wall's and Parag Milk Foods: Vadilal Industries' operating margin of 13.3% is the highest of the four (Dodla Dairy 5.5%, Kwality Wall's −12.6%, Parag Milk Foods 4.9%; peer average −0.7%); its return on equity of 22.0% is the highest of the four (Dodla Dairy 17.3%, Kwality Wall's −54.9%, Parag Milk Foods 11.8%; peer average −8.6%).
From Vadilal Industries' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.