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Spice Islands Industries Ltd (526827)

📊 BSE: 526827 🏢 Gems, Jewellery And Watches 📢 Latest filing: 27 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Spice Islands' revenue was ₹17.8 Cr (+823.8% year on year, +63.4% on the previous quarter), and net profit ₹1.4 Cr (+324.2% year on year); the operating margin was 3.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹17.8	+823.8%	+63.4%
Operating profit	₹0.6	+107.4%	-50.4%
Net profit	₹1.4	+324.2%	-54.7%
EPS (₹)	0.45	—	-54.6%
Operating margin	3.1%	—	—

EPS restated for the ₹10 to ₹2 split of Aug 2026: Q4 FY26 ₹4.96 to ₹0.99. No EPS growth against Q1 FY26: ₹10 to ₹2 split in Aug 2026.

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Spice Islands Opens 26-Room Hotel 'The Ocean Prime' in Dwarka Under Lease Agreement

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 27 Sep 2026, 05:40 PM

Spice Islands Industries Limited announced the opening and commencement of operations of 'The Ocean Prime' hotel in Dwarka, Gujarat, on September 25, 2026. The property comprises 26 rooms along with restaurant facilities and is leased from Ladhu Kara Charities from July 1, 2026 to June 30, 2027. Under the agreement, the company pays a monthly lease rent of Rs 3,00,000 (with 10% annual escalation) and has deposited a refundable security deposit of Rs 50,00,000. This initiative marks a strategic diversification into the hospitality sector for the micro-cap company (market cap of Rs 47 Cr, TTM revenue of Rs 30 Cr).

Commenced operations of 'The Ocean Prime' hotel featuring 26 rooms and restaurant facilities in Dwarka, Gujarat
Monthly lease rent fixed at Rs 3,00,000 with a 10% annual escalation
Security deposit committed amounts to Rs 50,00,000 (refundable)
Lease agreement is valid for 11 months and 29 days from July 1, 2026 to June 30, 2027
Opening ceremony was conducted on September 25, 2026

💡 Monitor upcoming quarterly segmental results to assess operational occupancy, revenue contributions, and profit margins from the new hospitality segment relative to annual lease outgoes.

Spice Islands Q1 Revenue Surges to ₹17.83 Cr, PAT Jumps 320% YoY to ₹1.40 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 19 Aug 2026, 06:54 PM

Spice Islands Industries reported a sharp YoY growth in Q1 FY27 (quarter ended June 30, 2026) with revenue from operations rising over 9x to ₹17.83 crore compared to ₹1.93 crore in Q1 FY26. Net profit rose 320% YoY to ₹1.40 crore from ₹0.33 crore in the year-ago quarter, though it declined sequentially from ₹3.09 crore in Q4 FY26. Growth was predominantly led by the Food & Beverages (including Edible Oil) segment contributing ₹14.86 crore, although this segment reported an operating loss of ₹0.39 crore. Profitability was supported by Hospitality (segment EBIT of ₹0.86 crore) and EV Rental (segment EBIT of ₹0.25 crore).

Revenue from operations rose to ₹1,783.05 lakhs (₹17.83 cr) vs ₹192.57 lakhs in Q1 FY26 (up 826% YoY)
Net profit grew 320% YoY to ₹139.92 lakhs (₹1.40 cr) compared to ₹33.28 lakhs in the prior-year period
Basic and diluted EPS stood at ₹2.24 per share vs ₹0.77 in Q1 FY26
Food & Beverages segment generated ₹1,485.86 lakhs in revenue but registered a segment loss of ₹38.52 lakhs
Hospitality and EV rental segments reported EBIT profits of ₹85.52 lakhs and ₹24.56 lakhs, respectively

💡 Track whether the high-revenue Food & Beverages trading segment turns operationally profitable in upcoming quarters and monitor sustained momentum in higher-margin hospitality and EV rental businesses.

Spice Islands Reports Non-Applicability of SEBI Reg 23(9) RPT Filings for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 19 Aug 2026, 06:47 PM

Spice Islands Industries Limited has submitted an intimation stating that SEBI corporate governance provisions, including Regulation 23(9) related party transaction disclosures, do not apply to the company for the quarter ended June 30, 2026. As of March 31, 2026, the company's paid-up share capital stood at ₹6.23 crore and net worth at ₹14.02 crore. These figures fall below the statutory compliance thresholds of ₹10 crore paid-up capital and ₹25 crore net worth specified under Regulation 15(2). Consequently, the company is exempt from submitting quarterly related-party transaction reports.

Paid-up share capital stood at ₹6,23,33,240 (₹6.23 cr) as of March 31, 2026, below the ₹10 cr threshold
Net worth stood at ₹14,02,00,000 (₹14.02 cr) as of March 31, 2026, below the ₹25 cr threshold
Exemption claimed under Regulation 15(2) of SEBI LODR Regulations, 2015
Corporate governance and Regulation 23(9) RPT disclosures not required for the quarter ended June 30, 2026

💡 This is a routine administrative compliance filing; investors should track upcoming quarterly financial results for operational performance updates.

Spice Islands: Regulation 23(9) RPT Disclosures Not Applicable for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 19 Aug 2026, 06:07 PM

Spice Islands Industries Ltd has informed the exchange that Corporate Governance provisions under Regulation 23(9) of SEBI LODR are not applicable for the quarter ended June 30, 2026. As of March 31, 2026, the company's paid-up share capital stood at ₹6.23 crore and net worth at ₹14.02 crore. Both figures are below the regulatory thresholds of ₹10 crore and ₹25 crore, respectively, exempting the company from quarterly related-party transaction filings.

Paid-up share capital reported at ₹6,23,33,240 as of March 31, 2026 (below ₹10 crore threshold)
Net worth stood at ₹14,02,00,000 as of March 31, 2026 (below ₹25 crore threshold)
Exempted from submitting Related Party Transaction disclosures under Regulation 23(9) for Q1 ended June 30, 2026

💡 Track standard financial performance in upcoming quarterly results and note that related-party transaction filings are exempt under SEBI LODR thresholds.

Q1 Revenue Surges 826% YoY to ₹17.83 Cr; Net Profit Up 320% to ₹1.40 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 19 Aug 2026, 05:48 PM

Spice Islands Industries reported a sharp YoY jump in Q1 (ended June 30, 2026) standalone revenue from operations to ₹17.83 Cr (₹1,783.05 lakhs) compared to ₹1.93 Cr (₹192.57 lakhs) in Q1 of the previous year. Net profit increased by 320% YoY to ₹1.40 Cr (₹139.92 lakhs) against ₹0.33 Cr (₹33.28 lakhs) in the corresponding quarter last year. Revenue growth was heavily driven by the Food & Beverages (including Edible Oil) segment at ₹14.86 Cr, although the segment posted an operating loss. Basic EPS for the quarter came in at ₹2.24 compared to ₹0.77 YoY.

Revenue from operations surged ~826% YoY to ₹1,783.05 lakhs in Q1 FY27 from ₹192.57 lakhs in Q1 FY26.
Net profit rose 320% YoY to ₹139.92 lakhs compared to ₹33.28 lakhs in the year-ago period.
Food & Beverages (including Edible Oil) segment contributed ₹1,485.86 lakhs in revenue but recorded a segment loss of ₹38.52 lakhs.
Hospitality segment delivered revenue of ₹251.26 lakhs and a segment profit of ₹85.52 lakhs.
EV rental segment delivered ₹45.94 lakhs revenue and ₹24.56 lakhs profit before interest and tax.

💡 Track whether the surging Food & Beverages trading volume can achieve profitability, and monitor operating cash flow trends in upcoming quarters.

Q1 Net Profit Rises 320% YoY to ₹1.40 Cr; Revenue Surges 9x to ₹17.83 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 19 Aug 2026, 05:35 PM

Spice Islands Industries reported its Q1 FY27 results (quarter ended June 30, 2026), posting standalone revenue from operations of ₹17.83 Cr, an over 9x increase compared to ₹1.93 Cr in Q1 FY26. Net profit rose ~320% YoY to ₹1.40 Cr from ₹0.33 Cr in the prior-year period, though it dropped sequentially from ₹3.09 Cr in Q4 FY26. Top-line expansion was primarily driven by the Food & Beverages (including Edible Oil) segment, which contributed ₹14.86 Cr in revenue but incurred a segment loss of ₹0.39 Cr. Hospitality and EV rental segments contributed segment profits of ₹0.86 Cr and ₹0.25 Cr, respectively.

Revenue from operations surged 826% YoY to ₹1,783.05 lakhs (₹17.83 Cr) vs ₹192.57 lakhs in Q1 FY26
Net profit increased 320% YoY to ₹139.92 lakhs (₹1.40 Cr) vs ₹33.28 lakhs in Q1 FY26
Food & Beverages segment generated ₹1,485.86 lakhs in revenue but posted a segment loss of ₹38.52 lakhs
Hospitality segment delivered ₹251.26 lakhs in revenue with ₹85.52 lakhs in segment profit

💡 Track whether the rapidly expanding Food & Beverages trading business can attain positive operating margins in coming quarters.

Spice Islands Inks 5-Year Water Packaging MoU with Sriven; Q1 Results Adjourned to Aug 19

🔵 WATCH ⭐ 5/10

OTHER 📅 14 Aug 2026, 07:29 PM

Spice Islands Industries approved an agreement-cum-MoU with Hyderabad-based Sriven Enterprises for contract manufacturing and packaging of packaged drinking water under its 'Rogers' brand. The agreement is valid for a 5-year term from August 3, 2026, to August 3, 2031, with a 60-day mutual termination clause, though commercial values were not disclosed. Separately, the board meeting scheduled for August 14, 2026, to approve Q1 (quarter ended June 30, 2026) financial results was adjourned to August 19, 2026, to incorporate additional accounting and financial clarifications.

Approved 5-year contract manufacturing agreement with Sriven Enterprises spanning August 03, 2026 to August 03, 2031
MoU covers contract manufacturing, filling, and packaging under the company's 'Rogers' drinking water brand
Either party may terminate the non-related-party agreement with 60 days' prior written notice
Board meeting to consider Q1 results adjourned to August 19, 2026, due to pending accounting clarifications

💡 Track the outcome of the reconvened board meeting on August 19, 2026, for Q1 results and any management commentary on commercial terms and rollout of the 'Rogers' water business.

Spice Islands Adjourns Q1 Results to Aug 19; Signs 5-Year Bottling MoU with Sriven Enterprises

🔵 WATCH ⭐ 4/10

BOARD_MEETING 📅 14 Aug 2026, 06:54 PM

Spice Islands Industries adjourned its board meeting from August 14, 2026, to August 19, 2026, citing the need for additional accounting clarifications before approving Q1 FY27 results (quarter ended June 30, 2026). During the meeting, the board approved a 5-year Agreement-cum-MoU with Sriven Enterprises for contract manufacturing and packing of packaged drinking water under its 'Rogers' brand. The agreement is valid from August 03, 2026, to August 03, 2031, with a 60-day termination clause. Financial deal values and expected volumes were not disclosed.

Q1 June 30, 2026 unaudited results approval adjourned from August 14, 2026, to August 19, 2026, for accounting clarifications.
Approved a 5-year contract manufacturing agreement with Sriven Enterprises valid from August 03, 2026, to August 03, 2031.
Agreement covers packaging and filling of packaged drinking water under the 'Rogers' brand at Hyderabad, Telangana facility.
Either party can terminate the manufacturing agreement by providing 60 days' prior written notice.

💡 Track the outcome of the reconvened board meeting on August 19, 2026, for the release of Q1 financial results and any commentary on revenue contributions from the packaged drinking water vertical.

1:5 Stock Split: Spice Islands Industries Sets August 28, 2026 as Record Date

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 07 Aug 2026, 03:53 PM

Spice Islands Industries has finalized August 28, 2026, as the record date for its 1:5 stock split. Each existing equity share with a face value of Rs 10 will be subdivided into five shares with a face value of Rs 2 each. The action follows shareholder approval at the Annual General Meeting held on August 07, 2026. While the split increases share count, it does not alter the company's fundamental valuation, which currently stands at a high P/E of 120.0.

Stock split ratio of 1:5, reducing face value from Rs 10 to Rs 2 per share
Record date for determining eligibility fixed as Friday, August 28, 2026
Shareholder approval obtained at the AGM on August 07, 2026
Stock has delivered a 682.2% price return over the last 12 months
Promoter holding recently decreased from 62.5% to 43.11% as of March 2026

💡 Investors should monitor the stock price adjustment on the ex-split date (typically one trading day prior to the record date). Note that while liquidity may increase, the company's TTM revenue remains small at Rs 18 Cr.

Spice Islands Industries Board Meeting on Aug 14 to Approve Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 07 Aug 2026, 03:35 PM

Spice Islands Industries has scheduled a board meeting for August 14, 2026, to consider and approve unaudited financial results for the quarter ended June 30, 2026. The company, operating in the Gems and Jewellery sector, currently has a TTM revenue of ₹18 Cr and a market capitalization of ₹210 Cr. The trading window for insiders has been closed since June 30, 2026, and will remain so until 48 hours after the results are declared. This is a routine regulatory filing as per SEBI LODR Regulations.

Board meeting scheduled for August 14, 2026, to approve Q1 results.
Financial results pertain to the first quarter ended June 30, 2026.
Trading window for insiders closed since June 30, 2026.
Company TTM revenue stands at ₹18 Cr with a current P/E of 120.0.
Promoter holding recently decreased from 62.5% to 43.1% as of March 2026.

💡 Monitor the financial results on August 14 to evaluate if the current high P/E valuation of 120.0 is justified by earnings growth or margin improvements.

₹8.70 Cr Fundraise: Spice Islands Reports Zero Deviation in Fund Utilization for June 2026 Quarter

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Jul 2026, 04:00 PM

Spice Islands Industries Limited has confirmed zero deviation in the utilization of ₹8.70 crore raised through a preferential issue. The funds were raised via 19,33,324 warrants allotted in October 2024 and subsequently converted into equity shares in December 2025 at ₹45 per share. This filing for the quarter ended June 30, 2026, is a mandatory regulatory disclosure confirming that the capital is being deployed according to the objects previously disclosed to shareholders.

Total capital raised through the preferential issue: ₹8.70 crore
Issue price per equity share: ₹45 (including a premium of ₹35)
Total warrants converted into equity shares: 19,33,324
Final 75% payment for conversion: ₹6.52 crore received on December 01, 2025
Initial 25% payment for warrant allotment: ₹2.17 crore received on October 30, 2024

💡 Investors should track the company's upcoming financial statements to evaluate the return on this ₹8.70 crore capital infusion and its impact on operational growth.

₹3 Cr Green Energy JV and Packaged Water Plant O&M Agreement Announced

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 18 Jul 2026, 08:19 PM

Spice Islands Industries has announced a strategic diversification into Green Energy and Packaged Drinking Water. The company entered a Joint Venture with Globalone Enterprises for the HYMAX Green Energy Project, starting with a ₹3.00 crore Proof of Concept (POC) for 10 systems, which the company will fund at 75%. Simultaneously, it signed an agreement to operate a packaged water plant owned by The Cloud Water, where it will bear all costs but retain 100% of net profits. To support governance, it has appointed a former ICMR Additional Director General as an Independent Director.

₹3.00 Crore estimated cost for the initial Proof of Concept (POC) of the HYMAX Green Energy Project
Deployment of 10 HYMAX Green Energy Systems planned for the initial phase
75% funding contribution by the company for the POC phase, with 25% from Globalone
₹1.70 Lakh total monthly rent (₹1.30L machinery + ₹0.40L premises) for the water plant operation
100% of net business profits from the water plant to accrue to the company

💡 Monitor the successful deployment and performance of the 10 HYMAX systems as a precursor to larger commercial scaling. Additionally, track the upcoming quarterly results to see the margin impact of the new water plant O&M agreement.

Spice Islands enters Green Energy JV (Rs 3 Cr POC) and Packaged Water O&M

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 18 Jul 2026, 08:10 PM

Spice Islands Industries is diversifying into green energy and packaged water sectors. The company entered a Joint Venture with Globalone Enterprises for the HYMAX Green Energy Project, starting with a Rs 3.00 crore Proof of Concept (POC) for 10 systems, funded 75% by the company. Simultaneously, it will manage a packaged water plant owned by The Cloud Water, bearing all operational risks and costs in exchange for 100% of net profits. To support governance, it appointed Dr. Gurudayal Singh Toteja, a former ICMR Additional Director General, to its board.

Rs 3.00 crore estimated cost for the initial HYMAX Green Energy Proof of Concept (POC)
75% of the initial green energy project funding to be provided by the company
Deployment of 10 HYMAX Green Energy Systems planned for the initial phase
Monthly fixed costs for water plant include Rs 1.30 lakh machinery rent and Rs 40,000 factory rent
100% of net business profits from the water plant operations will accrue to the company

💡 Monitor the successful deployment of the 10 HYMAX systems and the execution of the definitive water plant agreement scheduled for the upcoming week.

Spice Islands enters Green Energy JV (₹3 Cr POC) and Packaged Water business

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 18 Jul 2026, 08:04 PM

Spice Islands Industries has approved a Joint Venture with Globalone Enterprises for the HYMAX Green Energy Project, starting with a ₹3.00 crore Proof of Concept (POC) funded 75% by the company. The company is also diversifying into the packaged drinking water segment by operating 'The Cloud Water' plant, where it will retain 100% of net profits while paying fixed monthly rents of ₹1.70 lakh and salaries. Additionally, the board appointed Prof. (Dr.) Gurudayal Singh Toteja, a former ICMR official, as an Independent Director for a 5-year term.

₹3.00 Crore estimated cost for the initial Proof of Concept (POC) of the HYMAX Green Energy Project
75% funding contribution by Spice Islands for the POC, with 25% from Globalone Enterprises
Deployment of 10 HYMAX Green Energy Systems as part of the initial implementation phase
₹1.70 Lakh total monthly rent (₹1.30L for machinery and ₹0.40L for premises) for the packaged water plant
5-year term for the appointment of Prof. (Dr.) Gurudayal Singh Toteja as Independent Director

💡 Monitor the successful completion of the 10-unit Green Energy POC and the operational ramp-up of the packaged water business to assess the viability of this business pivot.

Spice Islands Industries to Hold 38th AGM on August 07, 2026; FY26 Annual Report Dispatched

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Jul 2026, 07:17 PM

Spice Islands Industries Limited has scheduled its 38th Annual General Meeting (AGM) for August 07, 2026, at 11:30 A.M. IST via Video Conferencing. The company has dispatched physical letters to shareholders whose email addresses are not registered, providing the web link to the Integrated Annual Report for FY 2025-26. This filing is a procedural requirement under Regulation 36(1)(b) of SEBI Listing Regulations. Investors can now access the full financial statements for the year ended March 31, 2026, on the company's website.

38th Annual General Meeting scheduled for August 07, 2026, at 11:30 A.M. IST
Annual Report for the financial year ended March 31, 2026, is now available for shareholder review
Physical letters dispatched on July 15, 2026, to shareholders without registered email addresses
AGM to be conducted entirely through Video Conferencing (VC) or Other Audio Visual Means (OAVM)
Shareholders requested to update KYC and email details with Depository Participants for future communications

💡 Investors should access the FY 2025-26 Annual Report via the provided web link to review the company's full-year financial performance and management discussion before the AGM on August 07, 2026.

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