519003

What Modi Naturals promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q2 FY26

what the last two calls moved 7 tracked 1 delivered 0 missed 6 open
  • Ethanol Division EBITDA Margin delivered said Q4 FY25 Promised: Maintain between 12% and 15% Q2 FY26: Q2 FY26 margin reported at 14.3%; H1 FY26 margin at 15.6%.
  • Branded Division EBITDA Margin at risk said Q4 FY25 Promised: Between 8.5% and 9% for FY26 Q2 FY26: Q2 FY26 margin was ~7.1% (₹3.3cr on ₹46.3cr rev) and H1 FY26 is ~7.9%. Impacted by GST transition and heavy marketing spend. Needs strong H2 to hit 8.5% average.
  • Consolidated Revenue on track said Q4 FY25 Promised: ₹850 crore to ₹880 crore Q2 FY26: Management confirmed confidence in achieving the target, citing a materially stronger H2 expected from bulk seasonality and new ethanol capacity.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 7 tracked commitments for Modi Naturals — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens