The FMCG stock hit the upper 20% mark after its net profit rose 141% year-on-year.

Overview: The company’s shares surged 20% after reporting 141% year-on-year profit growth in Q4 FY26, driven by strong ethanol business performance and optimistic FY27 guidance.

Shares of India’s prominent FMCG company, which focuses on manufacturing health-conscious cooking oils, premium food products and ethanol, came into limelight after posting strong gains in the fourth quarter.

With a market capitalization of 60 billion won, Modi Naturals Ltd The stock hit a daily high of Rs 450 per share, up 20% from the previous day’s close of Rs 375 per share. The company’s stock has returned 334% over the past five years.

Results Overview

Compared to previous quarter: Operating revenue increased as follows: 39.6% to Rs 243.1 crore From the fourth quarter of 2026 Rs 174.1 crore EBITDA for the third quarter of 2026 increased by: 52.4% to Rs 24.5 crore From the fourth quarter of 2026 Rs 16.0 crore In the third quarter of 2026. Accompanied by net profit growth 95.9 percent to Rs 19.7 crore From the fourth quarter of 2026 Rs 10.0 crore In the third quarter of 2026, EPS increased by: 98.4 percent to Rs 15.00 per week 7.56 rupees In the third quarter of 2026.

Year-over-year view: Operating revenue increased as follows: 28% to Rs 243.1 crore From the fourth quarter of 2026 Rs 189.9 crore In the fourth quarter of 2025, EBITDA increased by: 51.8% to Rs 24.5 crore From the fourth quarter of 2026 Rs 16.1 crore In the fourth quarter of 2025. Accompanied by net profit growth 141.1% to Rs 19.7 crore From the fourth quarter of 2026 Rs 8.2 crore In the fourth quarter of 2025, EPS increased by: 147.9% to Rs 15.00 per share for the fourth quarter of fiscal 2026.

Fiscal Year Comparison: Operating revenue increased as follows: 8.5% to Rs 719.2 crore From FY26 Rs 662.9 crore EBITDA surged in FY25. 31.2% to Rs 73.5 crore from Rs 56.0 crore Last year. This strong operating performance resulted in significant margin expansion. EBITDA margin improved to 10.2% From FY26 8.4% In FY25.

As a result, net profit increased significantly. 62.1% to Rs 50.3 crore compare Rs 31.0 crore In FY25 PAT margin 7.0% all year round 4.7% In previous accounting. This strong revenue performance resulted in annual EPS increases of: 63.5% to 38.01 rupees per week.

4th quarter division performance

Ethanol Division Modi Naturals Limited’s Ethanol division delivered strong growth in the fourth quarter of FY26, with revenue increasing to Rs 92.2 billion from Rs 86.7 billion in Q4 FY25, while EBITDA rose to Rs 18.5 billion. EBITDA margin improved to 20.1%, driven by capacity expansion to 282 KLPD and Rs 400 crore OMC orders.

consumer sector The consumer segment recorded revenue of Rs 50.9 billion in Q4 FY26 compared to Rs 48.5 billion in Q4 FY25, with EBITDA increasing to Rs 4.2 billion. For long-term growth, the company focused on premium, high-value products, expanded distribution channels, and strengthened brand investments.

Bulk division The bulk division registered a strong recovery in Q4 FY26, with revenue growing sharply from Rs 56.1 billion in Q4 FY25 to Rs 1 billion. EBITDA improved to Rs 2.7 crore from Rs 0.9 crore last year, driven by lean inventory strategy, improved procurement planning and lower working capital requirements.

FY27 growth outlook remains strong

The company reported an increase in revenue at Rs 719 crore compared to the range of Rs 720-730 crore delivered ahead of FY26 guidance, while PAT touched Rs 50 crore. For FY27E, the company was expected to drive revenue at Rs 925-965 crore, with EBITDA at Rs 100-105 crore and PAT at Rs 66-70 crore, indicating strong growth momentum supported by both its brands and ethanol businesses.

Growth is expected to be driven by new product launches in the food sector, expansion across faster commerce and modern trade channels, and increased advertising and promotional spending.

The company also began the second phase of its ethanol expansion, increasing capacity from 130 KLPD to 282 KLPD. This is expected to improve profitability, enhance cash generation and support margin expansion through premiumization and operating efficiencies.

About us

Established in 1974, Modi Naturals Ltd is a prominent FMCG company in India focused on manufacturing health-conscious cooking oils, gourmet foods and ethanol. The company, known for brands such as Oleev, Rizolo and Pipo, has transitioned from a traditional commodities company to a branded premium consumer goods player, with strong quarterly results in March 2026 showing high profitability.

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