Vadilal Industries Ltd(VADILALIND)

NSE: VADILALINDBSE: 519156

₹ 6,935-3.91%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 4,985 crNext results: 30 Oct 2026Website: vadilalgroup.comUpdated: 24 Oct 2026

About

Vadilal Industries Ltd is an Indian food company with two divisions: ice cream and processed foods. The company manufactures 5.5 lakh litres of ice cream daily and exports to 24 countries. Reported revenue for FY26 was 1503.12.^[1][2]

Business segments

Ice Cream Division: manufactures and sells ice cream across impulse, party pack and premium formats from plants in Pundhra (Gujarat) and Bareilly (Uttar Pradesh).^[1]
Processed Food Division (PFD): produces frozen ready-to-eat foods from a plant at Dharampur, Dist. Valsad, Gujarat.^[1]

Products and brands

Ice cream lines span impulse formats (cones, cups, candy), party packs, Dolly ice cream, the Frootful category, and the premium Gourmet Natural range.^[1]
The Processed Food Division produces frozen RTE products including Sabudana Tikki, Nariyel petis, Buff vada, puris, rotlas, Fulka roti, Aloo paratha, mix veg paratha and paneer.^[1]
Brand mascot 'Vaddy' was launched under the campaign 'Zara Muskuraiye, Vadilal Khaiye' across TV, OOH, Radio, Print, Digital and Events in FY25.^[1]

Manufacturing and capacity

Daily ice cream output is 5.5 lakh litres; the company operates India's fastest cone-producing machine with a daily output of 23 lakh cones.^[1]
Ice cream production hubs at Pundhra (Gandhinagar, Gujarat) and Bareilly (Uttar Pradesh) completed an expansion and modernisation drive in FY25.^[1]
Vadilal is the only ice cream brand in India with such a high-capacity cone-producing machine, and says it leads in cones, cups and candy segments.^[1]
Ice cream plants at Pundhra and Bareilly are certified for ISO 22000:2005, BRC Issue 6 and ISO 9001:2015.^[1]
The Dharampur processed food plant holds BRC Issue-6 Grade 'A', ISO-22000:2005 and HALAL certifications.^[1]
In FY25, the company imported a 'Tetrapak' Continuous Freezer S1500 and a 'Gram' Continuous Freezer GIF 2000, both fully absorbed.^[1]

Distribution and reach

Pan-India distribution network comprises over 1,50,000 dealers and trade partners covering urban, semi-urban and rural markets as of FY25.^[1]
The company serves markets across 24 states and 2 Union Territories in India as of FY25.^[1]
Over 40 parlours operate across India under the brands Now For Ever, Happinezz and Hangout as of FY25.^[1]
Products are sold on Blinkit, Instamart, Big Basket, Swiggy Instamart, Zepto, Amazon Fresh and Flipkart Minutes, and on Swiggy and Zomato.^[1]

Customers

Modern trade presence includes Reliance Retail, D-Mart, Spencer's, Lulu Mall, Max Bazar, The New Shop, Osia Hypermart and Shubham K Mart as of FY25.^[1]
QSR partners include Barbeque Nation, Honest, Octant Pizza and Real Paprika; key accounts include Akshardham Temple, Reliance JIO petrol pumps and Mukta Cinemas as of FY25.^[1]

Exports

Export sales were 19.50% of total turnover in FY25, with products shipped to 24 countries.^[1]

Capex funding

ICICI Bank sanctioned a new ₹39 crore term loan for capex, of which ₹22.13 crore had been drawn as per the FY25 annual report.^[1]

Recent developments

On 23 Sep 2026, India Ratings and Research placed the company's bank loan facilities on Rating Watch with Negative Implications.^[3]
In FY25, India Ratings upgraded the long-term rating to A-/Stable from BBB+/Stable and the non-fund-based rating to A2+.^[1]
An NCLAT order of May 13, 2025 settled the promoter dispute; the MDs became executive directors, new independent directors joined, and Anil Kabra was appointed CFO.^[1]
PwC replaced KPMG as internal auditor from October 1, 2025.^[1]

Market Cap

₹4,985 Cr

High / Low

₹8,416 / 3,990

Stock P/E

22.8

Price / Book

5.9

Book Value

₹1,183

EPS

₹215.8

No. of Shares

0.72 Cr

ROCE

25.7%

ROE

20.1%

OPM

14.5%

Debt / Equity

0.11

Sales

₹1,503 Cr

Net Profit

₹155 Cr

Promoter holding

64.7%

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