Shyam Dhani Industries Limited (NSE: SHYAMDHANI), a leading spice manufacturer in Rajasthan, has announced an ambitious growth roadmap to achieve a turnover of ₹300 crore within the next three years. The company reported a FY26 turnover of ₹146.22 crore, registering a 17% year-on-year growth, and aims for an annual growth rate of 25-30%.
Four-Pronged Growth Strategy
The company's strategy focuses on four key areas: expanding its kirana and multi-brand retail network across India, strengthening its presence in e-commerce and quick commerce, increasing exports to China, the Middle East, and Europe, and leveraging its brand ambassador, film actress Preity G. Zinta. The company offers over 163 varieties of spices under the 'Shyam' brand across general trade, modern trade, quick commerce, export, private label, and HoReCa segments.
Modern Manufacturing and Quality Initiatives
Shyam Dhani has invested in a state-of-the-art spice processing plant in Jaipur, operational since March 2025, equipped with cool-grinding technology that preserves the herbal value of spices. The company has also adopted Integrated Pest Management (IPM) practices, encouraging farmers to use traditional farming methods free of restricted pesticides. These initiatives aim to meet rising consumer demand for healthy, high-quality spices.
Management Commentary
Mr. Vithal Agarwal, Whole-Time Director of Shyam Dhani Industries Limited, stated, "We have formulated a four-pronged strategy to accelerate our growth. This includes expanding our Kirana and multi-brand retail network across the country, strengthening our base in the e-commerce market, and increasing our exports to countries including China, the Middle East, and Europe. Today's consumers are more aware and are actively seeking healthy and quality spices. To meet this demand, we have set up a modern spice processing plant in Jaipur with cool grinding technology that helps retain the herbal value of every spice. We have also adopted Integrated Pest Management practices, encouraging our farmers to follow traditional farming methods free of restricted pesticides, which significantly enhances the quality of our spices."
Company Milestones and Financial Performance
Established on October 19, 2010, in Jaipur, the company transitioned from a private limited entity to a public limited company on October 8, 2024, and was listed on the National Stock Exchange of India in December 2025. For FY26, the company reported total income of ₹146.22 crore, EBITDA of ₹16.95 crore, and PAT of ₹8.54 crore. Its products are available across more than 10 Indian states and exported to UAE, Oman, Nepal, Saudi Arabia, and Mongolia.
