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Vidhi Specialty Food Ingredients Ltd Q1FY24; 24% fall in Profits

Vidhi Specialty Food Ingredients Limited, incorporated in 1994, is a leading manufacturer of Superior Synthetic and Natural Food Grade Colours. The company is Asia’s 2nd largest food colour manufacture. The company’s products have applications in industries of Food & Beverage, Confectionary, Pharmaceuticals, Pet Foods, Cosmetics, Inkjet Inks, Personal Care, and Home Care.

Financial Results:

Vidhi Specialty Food Ingredients Ltd reported Revenues for Q1FY24 of ₹79.67 Crores down from ₹120.69 Crore year on year, a fall of 33.99%.

Total Expenses for Q1FY24 of ₹68.74 Crores down from ₹106.27 Crores year on year, a fall of 35.32%.

Consolidated Net Profit of ₹8.38 Crores down 23.82% from ₹11.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.68, down 23.64% from ₹2.20 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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