Vadilal Industries Limited announced its unaudited consolidated financial results for the quarter ended September 30, 2025 (Q2 FY26). The company reported a mixed performance, with a year-on-year (YoY) rise in revenue but a decline in profitability due to higher input and operating costs.
Revenue rises 15.5% YoY
The company’s revenue from operations increased 15.5% YoY to Rs 341.30 crore in Q2 FY26, compared to Rs 295.51 crore in Q2 FY25. Including other income of Rs 7.32 crore, total income stood at Rs 348.62 crore, up from Rs 300.92 crore in the corresponding quarter last year.
On a sequential basis, revenue declined from Rs 505.91 crore in Q1 FY26, reflecting seasonal moderation in ice cream demand during the monsoon period.
Profit declines amid higher expenses
Vadilal’s total expenses rose to Rs 305.45 crore, up from Rs 249.04 crore in Q2 FY25, largely driven by higher raw material and employee costs. The cost of materials consumed stood at Rs 143.32 crore, while other expenses amounted to Rs 79.82 crore during the quarter.
As a result, the company’s profit before tax (PBT) fell 16.7% YoY to Rs 43.17 crore, compared to Rs 51.88 crore in Q2 FY25.
After accounting for taxes of Rs 9.75 crore, Vadilal reported a net profit of Rs 33.42 crore, down 14.4% YoY from Rs 38.98 crore a year earlier.
Half-yearly performance
For the first half of FY26, Vadilal Industries recorded total income of Rs 859.05 crore, a 11.6% increase compared to Rs 769.32 crore in the same period last year.
Net profit for H1 FY26 stood at Rs 100.40 crore, compared to Rs 116.40 crore in H1 FY25, indicating a 13.7% decline due to higher costs and tax provisions.
Financial summary (Rs in crore)
| Particulars | Q2 FY26 | Q1 FY26 | Q2 FY25 | YoY % | QoQ % |
|---|---|---|---|---|---|
| Revenue from Operations | 341.30 | 505.91 | 295.51 | +15.5% | -32.5% |
| Total Income | 348.62 | 510.43 | 300.92 | +15.8% | -31.7% |
| Total Expenses | 305.45 | 421.70 | 249.04 | +22.7% | -27.6% |
| Profit Before Tax | 43.17 | 88.73 | 51.88 | -16.7% | -51.3% |
| Net Profit | 33.42 | 66.98 | 38.98 | -14.4% | -50.1% |
Outlook
Despite the seasonal dip, Vadilal continues to maintain a strong position in India’s frozen desserts and ice cream segment. The company’s ongoing focus on innovation, brand expansion, and improved supply chain efficiencies are expected to support its performance in the upcoming quarters.
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