This Mukul Agrawal stock which deals in the business of manufacturer of Superior Synthetic and Natural Food Grade Colours was up by 11 percent after announcing a revenue increase of 56 percent year on year in Q3FY25.
Price Movement
In Monday’s trading session, Vidhi Specialty Food Ingredients Ltd‘s share price touched a day’s high of Rs. 550.35, which was up by 10.6 percent. The share price reiterated from the day’s high and was trading at Rs. 522.85, which is 5.12 percent higher than the previous closing price of Rs. 497.40. In the past year, the stock has delivered around 27 percent and has outperformed the Nifty Index.
Business Segments
As per the recent December 2024 results, the company recognizes its revenue from manufacturing and trading of food colors and chemicals as its sole operating segment.
Q3FY25 Financial Performance
Their Q3FY25 results show revenue from operations of Rs. 98.51 crore which increased by 56.44 percent year on year, from Rs. 62.97 crore in Q3FY24 and a 7.9 percent increase from Rs. 91.28 crore in Q2FY25. Their net profit increased by 48.17 percent year on year, from Rs. 8.59 crores in Q3FY24 to Rs. 12.73 crores in Q3FY25. Quarterly, the profits were up by 23.33 percent from Rs. 10.32 crore.
The company announced a Third interim dividend of Rs. 1.50 per equity share for the FY25 aggregating to Rs. 7.49 crore.
Ace Investor
Mukul Mahavir Agrawal holds around 1.60 percent stake in Vidhi Specialty Food Ingredients as of December 2024.
Revenue Diversification
The company derives around 46 percent of revenue from the Americas region, 34 percent from Australia and Asia, 16 percent from Europe, and 4 percent from Africa as of Q2FY25, and the USA leads in contribution with 30 percent followed by Spain with 20 percent.
Capacity Addition
Vidhi’s wholly-owned subsidiary Arjun Foods is 200 meters away from the current manufacturing site which provides synergy in operations. The company plans to install 360 MT per month capacity for manufacturing new high-margin products in two phases which is 180 MT per month in each phase. The expected timeline is by 2025-26.
About the company
Vidhi Specialty Food Ingredients Ltd is a leading manufacturer of synthetic food colors, serving the food, pharmaceutical, and cosmetic industries globally, with products distributed in over 80 countries.
Written by Santhosh S
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