519152

Vadilal Enterp. financials

Market cap
₹894 Cr
Sector
Fast Moving Consumer Goods

What Vadilal Enterp. does

Vadilal Enterprises Limited (VEL) is the domestic sales, marketing and distribution company of the Vadilal group. It purchases ice cream, frozen desserts, flavoured milk, other dairy products and processed food products from group manufacturer Vadilal Industries Limited (VIL) on a principal-to-principal basis under a long-term supply agreement, and markets them pan-India under the Vadilal brand, including flagship lines such as Gourmet Ice Creams, Flingo and Badabite. It runs its own sales, marketing and refrigeration-service functions to support retail distribution, with a deliberate push into Tier 2, Tier 3 and rural markets.

Segments

  • Ice Cream & Frozen Desserts
  • Flavoured Milk & Dairy Products
  • Processed Food Products
  • Refrigeration Service
Flagship ice-cream product lines
3 (Gourmet Ice Creams, Flingo, Badabite)
Supply agreement with Vadilal Industries Ltd
10-year principal-to-principal agreement, effective 1 Oct 2017
Marketing reach
Pan-India, with focused push into Tier 2, Tier 3 cities and rural markets
Marketing/media channels used
TV, Print, OOH, Digital, POS/POP, Retail Activation
Founded 1985Headquarters Ahmedabad, Gujarat Company website

Quarterly results

Q1 FY27: revenue up 36.2%, net profit up 15.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue246 136 224 517 264 +7%145 +7%291 +30%704 +36%
EBITDA8 -19 -8 32 20 +150%-16 +16%0 +100%38 +19%
Net profit4 -18 -9 20 11 +175%-16 +11%-4 +56%23 +15%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −4.5% 1Y

₹0k₹2k₹4k₹6k₹8k₹10kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹10,895 on 10 Sept 2025 → ₹10,400. High ₹10,999 (6 Nov 2025), low ₹0 (24 Oct 2025).

Financials, as filed

Revenue grew 9.4% a year over 3 years, FY23 to FY26. Operating margin widened to 3.0%.

Year endingFY23FY24FY25FY26
Revenue₹930 Cr₹999 Cr₹1.1k Cr₹1.2k Cr
Operating profit₹9 Cr₹14 Cr₹23 Cr₹36 Cr
Operating margin1.0%1.4%2.1%3.0%
Interest₹0 Cr₹4 Cr₹5 Cr₹8 Cr
Depreciation₹12 Cr₹12 Cr₹16 Cr₹20 Cr
Net profit₹7 Cr₹7 Cr₹6 Cr₹11 Cr
Net margin0.7%0.7%0.5%0.9%
Cash from operations₹7 Cr₹17 Cr₹32 Cr₹42 Cr
Free cash flow₹3 Cr₹-19 Cr₹-10 Cr₹-10 Cr
ROCE60.0%39.0%20.0%25.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr
Reserves₹3 Cr₹4 Cr₹10 Cr₹17 Cr₹51 Cr₹32 Cr
Borrowings₹13 Cr₹6 Cr₹7 Cr₹28 Cr₹57 Cr₹62 Cr
Other liabilities₹128 Cr₹139 Cr₹172 Cr₹184 Cr₹209 Cr₹254 Cr
Total liabilities₹144 Cr₹151 Cr₹191 Cr₹231 Cr₹319 Cr₹349 Cr
Fixed assets₹58 Cr₹47 Cr₹44 Cr₹68 Cr₹119 Cr₹152 Cr
Capital work in progress₹0 Cr₹0 Cr₹12 Cr₹19 Cr₹6 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹47 Cr₹0 Cr
Other assets₹85 Cr₹103 Cr₹135 Cr₹143 Cr₹147 Cr₹197 Cr
Total assets₹144 Cr₹151 Cr₹191 Cr₹231 Cr₹319 Cr₹349 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters trimmed −0.23 pp while the public added +0.22 pp. The shareholder count shrank 5% to 1,292.

Promoters
51.0%
FIIs
0.5%
Public
48.4%

Since Jun 2025

  • Promoters −0.23 pp
  • Public +0.22 pp
  • FIIs 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 51.3%, Public 48.7%.Dec '23: Promoters 51.3%, Public 48.7%.Mar '24: Promoters 51.3%, Public 48.7%.Jun '24: Promoters 51.3%, Public 48.7%.Sep '24: Promoters 51.3%, Public 48.8%.Dec '24: Promoters 51.3%, FIIs 0.5%, Public 48.2%.Mar '25: Promoters 51.3%, FIIs 0.5%, Public 48.2%.Jun '25: Promoters 51.3%, FIIs 0.5%, Public 48.2%.Sep '25: Promoters 51.3%, FIIs 0.5%, Public 48.2%.Dec '25: Promoters 51.3%, FIIs 0.5%, Public 48.2%.Mar '26: Promoters 51.1%, FIIs 0.5%, Public 48.4%.Jun '26: Promoters 51.0%, FIIs 0.5%, Public 48.4%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Vadilal Enterp. above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Devanshu Laxmanbhai Gandhi 13.99%unchanged
Rajesh Ramchandra Gandhi 9.13%unchanged
Virendra Ramchandra Gandhi 8.48%unchanged
Sanjiv Dhireshbhai Shah 6.94%unchanged
Vadilal Marketing Pvt Ltd 5.02%unchanged
Axilrod Private Limited 5.02%unchanged
Shrey Sanjiv Shah 2.53%unchanged
Mamta Rajesh Gandhi 2.47%unchanged
Rajesh Jayantilal Shah 2.22%unchanged
Byad Packaging Industries Pvt Ltd 2.17%unchanged
Shah Krinaben Sanjivbhai 2.05%unchanged
Maharshee Madhukarbhai Munshaw 2.03%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Vadilal Enterp.

Guides on how to read this kind of business and the numbers that matter.