Q2 2026 Modi Naturals Ltd Earnings Call Transcript

Nov 17, 2025 / 06:00 AM GMT

Transcript

Key Points

Positve

Modi Naturals Ltd (BOM:519003) reported a 14.9% year-on-year growth in EBITDA for Q2 FY26, indicating improved profitability.
The company's ethanol division continues to perform well, supported by favorable industry dynamics and operational improvements.
The consumer division is showing healthy momentum with strong brand equity and an expanding product portfolio.
The bulk division has undergone a transformation, leading to a significant turnaround with improved profitability.
The company is expanding its presence in tier 2 and tier 3 markets, which is expected to drive future growth.

Negative

The GST rationalization posed short-term challenges, impacting pricing and inventory management.
Advertising and marketing expenses increased significantly, affecting quarterly profitability.
There is a concern about overcapacity in the ethanol sector, which could impact future utilization rates.
The company has not yet shared volume growth data for its branded business, making it difficult to assess underlying performance.
The FMCG division's growth was impacted by GST changes, leading to a flat quarter in terms of revenue.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MODN.BO - Modi Naturals Ltd
Q2 2026 Modi Naturals Ltd Earnings Call
Nov 17, 2025 / 06:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen and welcome to the Modi Naturals Limited Q2 NH1 FY26 on this conference call. As a reminder, all participant lines will be the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Afsha Modi, joint managing director from Modi Naturals Limited.

Thank you and over to you soon.

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Unidentified_2 [2]
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