Vadilal Industries share price & results
- Jun 2026
- Sept 2026
Ahmedabad ice cream maker; India's second-largest ice cream brand by volume, exporting to 45 countries.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 584 | +37.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 25.0 | +7.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 107 | +101.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 28.35 | −4.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 3.13 | +0.5 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 30.73 | +11.0 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +33.2% 1Y
1Y: ₹5,422 on 24 Oct 2025 → ₹7,222. High ₹7,900 (28 Aug 2026), low ₹4,037.6 (22 Jan 2026).
- Previous close
- ₹6,879
- Market cap
- ₹4.9k Cr
- 52-week range
- ₹4,037.6 – ₹7,900
- One year
- +29.95%
- Price to earnings (TTM to Jun 2026)
- 22.58×
- Return on equity (TTM to Jun 2026)
- 28.35%
Overview
- Symbol
- NSE:VADILALIND
- Exchange
- NSE
- Currency
- INR
What Vadilal Industries Limited does
Based on the company's own presentations, annual report and earnings calls.
Vadilal Industries manufactures and markets ice creams, frozen desserts and processed foods under the Vadilal brand, a 111-year-old, fourth-generation family-run business headquartered in Ahmedabad. It operates through two segments - Ice Cream and Processed Foods - selling through a large domestic distribution network as well as exports to Indian-diaspora and other markets abroad, especially the U.S. It also runs branded ice cream parlours (Now For Ever, Happinezz, Hangout) as an experiential retail channel, and is present on modern trade, QSR and quick-commerce/e-commerce platforms.
Segments
- Ice Cream
- Processed Foods
- Market position
- Second-largest ice cream brand in India by volume
- Company age / heritage
- 111-year-old, fourth-generation family-run brand
- Manufacturing facilities
- 3 plants - Pundhra (Gandhinagar, Gujarat) and Bareilly (Uttar Pradesh) for ice cream, Dharampur (Gujarat) for processed foods
- Ice cream production capacity
- ~5.5 lakh litres per day across Pundhra and Bareilly plants
- Cone production capacity
- 23 lakh cones per day - India's highest-capacity cone-making line
- Export reach
- Products sold in 45 countries across four continents, incl. US, Canada, UK, Middle East, Australia, New Zealand
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +102% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 233 | 145 | 232 | 425 | 247 | 141 | 295 | 584 |
| Expenses | 196 | 132 | 201 | 348 | 228 | 156 | 232 | 436 |
| Operating profit | 37 | 13 | 31 | 77 | 19 | -15 | 63 | 148 |
| Operating margin | 16.0% | 9.0% | 13.0% | 18.0% | 8.0% | −11.0% | 21.0% | 25.0% |
| Other income | 4 | 5 | 3 | 4 | 8 | 5 | 9 | 6 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 6 | 6 | 7 | 7 | 7 | 7 | 8 | 9 |
| Profit before tax | 33 | 10 | 26 | 72 | 18 | -19 | 62 | 143 |
| Tax rate | 26.0% | 26.0% | 26.0% | 25.0% | 26.0% | −24.0% | 26.0% | 25.0% |
| Net profit | 24 | 7 | 19 | 53 | 13 | -14 | 46 | 107 |
| EPS (₹ per share) | 33.79 | 10.39 | 26.52 | 74.24 | 18.43 | -19.87 | 63.55 | 148.27 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,057 | 912 | 1,012 | 1,108 |
| Expenses | 896 | 761 | 841 | 964 |
| Operating profit | 162 | 153 | 170 | 144 |
| Other income | 14 | 13 | 16 | 26 |
| Interest | 17 | 14 | 8 | 8 |
| Depreciation | 29 | 24 | 26 | 29 |
| Profit before tax | 130 | 129 | 153 | 133 |
| Net profit | 96 | 97 | 113 | 98 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 212 | 282 | 375 | 488 | 778 | 572 |
| Borrowings | 176 | 203 | 129 | 94 | 204 | 78 |
| Other liabilities | 115 | 136 | 134 | 169 | 167 | 167 |
| Total liabilities | 510 | 627 | 645 | 758 | 1,156 | 824 |
| Fixed assets | 293 | 301 | 337 | 343 | 472 | 340 |
| Capital work in progress | 3 | 19 | 11 | 8 | 14 | 19 |
| Investments | 3 | 8 | 8 | 8 | 82 | 23 |
| Other assets | 211 | 299 | 289 | 399 | 588 | 443 |
| Total assets | 510 | 627 | 645 | 758 | 1,156 | 824 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 62 | -5 | 33 | 138 | 76 | 128 |
| Cash from investing | -10 | -10 | -42 | -41 | -28 | -79 |
| Cash from financing | -50 | 9 | 12 | -102 | -47 | -42 |
| Net cash flow | 2 | -6 | 3 | -5 | 1 | 7 |
| Free cash flow | 48 | -16 | -5 | 95 | 44 | 61 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 22 | 23 | 15 | 23 | 40 | 40 |
| Inventory days | 207 | 160 | 154 | 132 | 192 | 149 |
| Days payable | 167 | 80 | 54 | 55 | 84 | 71 |
| Cash conversion cycle | 61 | 102 | 115 | 100 | 148 | 118 |
| Working capital days | -47 | 4 | 10 | 34 | 70 | 75 |
| Return on capital employed | −3.0% | 9.0% | 25.0% | 28.0% | 29.0% | 22.0% |
| Dividend payout | 0.0% | 9.0% | 2.0% | 1.0% | 13.0% | 32.0% |
Ownership
Who owns it
Promoters hold 64.72% as of Sept 2026; institutions added 0.77 pts since Jun 2026.
- Promoters 64.72%
- Foreign institutions 1.42%
- Domestic institutions 1.63%
- Public 32.24%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 3.71% held
- newly disclosed 1.46% held
- newly disclosed 0.16% held
The same filing shows 1 holder trimming and 4 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Vadilal Industries Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 39.09% | unchanged | |
| 4.81% | unchanged | |
| 4.57% | unchanged | |
| 3.71% | newly disclosed | |
| 3.40% | unchanged | |
| 3.17% | unchanged | |
| 1.70% | unchanged | |
| 1.67% | unchanged | |
| 1.46% | newly disclosed | |
| 1.40% | −0.26 pp | |
| 1.14% | unchanged | |
| 0.87% | 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.
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