Ice cream and food company Vadilal Industries on Wednesday reported a sharp 150 per cent jump in fourth-quarter consolidated net profit, driven by robust growth in revenue from operations.
The company’s consolidated net profit for the quarter rose to ₹55 crore from ₹22 crore a year ago, while revenue from operations increased 51 per cent year-on-year to ₹416 crore. For the full year FY26, consolidated revenue rose 21 per cent to ₹1,503 crore, while net profit increased 3 per cent to ₹155 crore. The board of the company on Wednesday also recommended a dividend of ₹43 per equity share of face value ₹10 each.
In a filing with the stock exchanges, Vadilal Industries said an independent assessment conducted by a Big 6 accounting firm found no material noncompliance with minimum wage requirements across its manufacturing facilities. The review was undertaken under the supervision of a board-appointed sub-committee comprising independent directors and key managerial personnel following the company’s earlier disclosure regarding a review of compliance with statutory wage provisions.
The independent firm assessed minimum wage compliance for contract workers across the company’s Bareilly, Dharampur and Pundhra plants for the period between April 2025 and March 2026 and found no wage shortfalls at the individual employee level. The company said it will implement enhanced operational practices, including digitising wage records and installing biometric systems across plants, to further strengthen labour law compliance.