Madhusudanmasala earnings calls.
Other · 2 quarters tracked · source-linked performance, management guidance and promise context.
Latest revenue
₹291 Cr
financial record pending verification
Quarters tracked
2
source records in the directory
Delivery assessment
Assessment incomplete
Across 3 tracked commitments. Delivery assessment incomplete while 1 remain unresolved or evidence-limited.
Call date
Pending
latest available source date
Signal trajectory
2 actual quartersCurrent read
Assessment incomplete
Across 3 tracked commitments. Delivery assessment incomplete while 1 remain unresolved or evidence-limited.
Latest source read
What changed this quarter?
Madhusudan Masala reported Q3 FY26 revenue of ₹194.5 crore (₹195 million) with 20.3% YoY growth, driven by improved capacity utilization at 98-100% across Jamnagar and Rajkot units. EBITDA margin expanded 357bps to 10.8% YoY, while PAT surged 114% to ₹47.7 million (₹4.77 crore), nearly doubling due to better inventory management and commodity price optimization. For 9M FY26, revenue stood at ₹945 million (19.3% YoY) with EBITDA of ₹220 million and PAT of ₹112.3 million, each growing ~40% YoY. The company targets 30%+ CAGR through 2030 via North India expansion—recently onboarded teams from MDH/Everest for Punjab and Uttar Pradesh—with Phase 1 of the 6,000 MT Jamnagar greenfield facility on track for October 2026 commissioning. Branded sales mix improved to 72% from 62% YoY, aiming for 100% by 2028. Commodity prices (chilli, turmeric, coriander) have risen ₹20-70/kg in Q3, and management expects these to sustain or increase further. Risk: Phase 2 expansion (12,000-18,000 MT) timeline and capex funding remain undecided pending Phase 1 operationalization.
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Signal
Positive
Revenue
₹291 Cr
Source date
Pending
Across the record
Quarter history.
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