Empire Spices and Foods Unlisted Share Price Today
ISIN INE041101010.
Empire Spices & Foods is a fast-growing FMCG company in India , known for its flagship brand Ram Bandhu . The company is engaged in the manufacture, processing, and distribution of spices, blended masalas, pickles, papad, hing, and other culinary products , catering to household consumption across India. Its revenue mix includes basic and blended spices, ready mixes, condiments, and value-added food products , with a strong focus on enhancing taste and convenience in everyday cooking. Emp…
Empire Spices and Foods
Empire Spices and Foods Unlisted Share Price Today
Empire Spices & Foods is a fast-growing FMCG company in India, known for its flagship brand Ram Bandhu. The company is engaged in the manufacture, processing, and distribution of spices, blended masalas, pickles, papad, hing, and other culinary products, catering to household consumption across India. Its revenue mix includes basic and blended spices, ready mixes, condiments, and value-added food products, with a strong focus on enhancing taste and convenience in everyday cooking.
Empire Spices follows an integrated, manufacturing-led operating model, with in-house processing and a strong sourcing network to ensure product quality and consistency. The company places strategic emphasis on brand-led growth, product innovation, regional taste customization, and wide distribution reach, rather than purely price-led competition. Its performance is closely linked to raw material price cycles, distribution expansion, consumer demand for packaged foods, and brand positioning, making scale and operating efficiency critical to profitability.
Founded in 1994 and headquartered in Nashik, Maharashtra, the company has grown from a regional spice brand in Nashik to a multi-brand FMCG player, with presence across multiple states and exports to international markets. Its portfolio includes brands such as Ram Bandhu, Temptin, RBM, Spice One, and Zaiqa, supported by a strong distribution network reaching lakhs of retail outlets in India and overseas markets.
Over the last 3 years, EBITDA margin improved from 8.46% to 10.49%, indicating recovery in operating efficiency after FY23 pressure.
Revenue growth has been inconsistent, ranging from 20.2% in FY23 to -0.9% in FY24, reflecting demand and pricing fluctuations.
Despite revenue volatility, PAT remained relatively stable between ₹13–16 Cr over 5 years, showing resilience in profitability.
Income Statement
Key Managerial Personnel
As of FY26Mr. Hemant M. Rathi is the Chairman of Empire Spices & Foods, instrumental in building the Ram Bandhu brand. He drives the company’s strategic growth and expansion.
Mr. Umesh L. Rathi is the Managing Director of Empire Spices & Foods, leading the company’s day-to-day operations and execution. He focuses on expanding distribution, driving product growth, and strengthening the brand’s market presence.
