Announcement • Jun 09
Vadilal Industries Ltd Announces Appointment of Saibal Bhattacharyya to Chief Operating Officer Vadilal Industries Limited announced that Saibal Bhattacharyya joins the company as Chief Operating Officer. The appointment, which took effect in June 2026, signals Vadilal's intent to inject serious operational firepower into a brand already rich in legacy and heritage. Bhattacharyya arrives from Nagarro, the technology and digital services firm, where he served as director of strategic initiatives for one year and five months. The stint was brief but, by his own account, rewarding. He singled out colleagues Manas Human, Anurag Sahay, and Aanish Singla as having made the experience both a pleasure and a learning curve. Before Nagarro, Bhattacharyya spent five years at PepsiCo as senior director of sales, where he drove the global commercial sales transformation agenda, embedding capabilities such as trade promotion management, net revenue management, and category and space management. The scale was considerable: his work touched revenues upwards of $2 billion and productivity gains in excess of $600 million. It was not his first tour at PepsiCo either. Earlier, from September 2010 to May 2011, he served as vice-president of customer marketing, leading the company's Pepsi World Cup activation plan and all centralised trade and activation initiatives. His broader career spans some of the most demanding arenas in consumer goods. He spent five years at Pernod Ricard as commercial head for international brands, driving P&L management, sales, revenue, and marketing from Gurgaon. Before that, he held a general manager role and a branch sales manager position at GlaxoSmithKline across three and a half years. His career began at Johnson and Johnson, where over four years he moved through roles as area sales manager, trade marketing manager, and senior product manager, handling brand development, launch strategy, and BTL calendar planning for India. He cut his teeth even earlier at Colgate Palmolive, where he spent three years as an area sales manager. Bhattacharyya described Vadilal as "an iconic brand with such a rich legacy and strong heritage" and said he was looking forward to the new chapter. For its part, Vadilal, which has built one of India's most recognisable frozen foods and ice-cream empires, now has at its helm a commercially sharp operator who has driven billion-dollar agendas at the world's largest consumer goods companies. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹5,397, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 18x in the Food industry in India. Total returns to shareholders of 116% over the past three years. Reported Earnings • May 28
Full year 2026 earnings released: EPS: ₹216 (vs ₹209 in FY 2025) Full year 2026 results: EPS: ₹216 (up from ₹209 in FY 2025). Revenue: ₹15.2b (up 23% from FY 2025). Net income: ₹1.55b (up 3.2% from FY 2025). Profit margin: 10% (down from 12% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. 
