Q3-FY26 · Hiren Kothecha
In the last three months, chilli has increased by more than ₹1 per kg, turmeric by ₹25-30 per kg, and coriander by ₹20 per kg. These prices have reached levels seen two years ago before the deflationary cycle started.
MADHUSUDANMASALA / language trends
Read confidence between the lines.
Madhusudanmasala · tone and specificity signals across the available quarters.
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Language signals
What changed in management language.
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Q3-FY26 · Hiren Kothecha
We maintain 50% inventory from season procurement. If prices drop later, we sell from existing inventory at current market prices; if prices rise above a limit, we start procuring fresh. This is how we sustain EBITDA margins throughout the year.
Q3-FY26 · Rishit Kothecha
Our 30% CAGR growth plan is primarily through regional expansion. Organically from existing regions we get 10-12% growth; the additional growth comes from vertical and horizontal expansion. We've started distribution in North regions and targeting UP where we're on-boarding teams from large spice companies.
Q4-FY26 · Rishit Kotesha
We are expecting this branded sale from 70% to 80% in one or two years. If our planning for specific region expansion is going fruitful then we will achieve 80% of branded sales in FY27 but anyhow we will achieve 80% till second half of FY28.
Q4-FY26 · Rishit Kotesha
Margin from non-branded sales is only 4%. So branded sales is growth driver for margin.
Q4-FY26 · Management (Hin Kotesha)
After commencing of the new facility our utilization will be reach 100% within one or two month... if we started our new unit and considering Jangar unit combined we get 12,000 metric t of capacity but last year volumetric sales it was 16,000.