Modi Naturals Ltd

Modi Naturals Reports Strong Profit Growth 📈, Expands Ethanol Capacity to 310 KLPD

- 9MFY26 revenue at ₹476.1 crore, nearly flat YoY

- EBITDA increased 22.9% to ₹49 crore

- PAT grew 33.9% to ₹30.6 crore

- Ethanol Division expanding capacity to 310 KLPD with new 180 KLPD facility in Feb 2026

- Consumer Division remains key growth driver with improved distribution and brand investments

- Bulk Division expects better traction in Q4FY26 due to seasonal demand

- Marketing spend maintained at 8-10% of revenue

- New product launches include pasta variants, peanut butter, flavored peanuts, and ready-to-mix beverages

- Strengthened balance sheet by repaying borrowings and improving working capital efficiency