Spice Islands Industries Ltd. Delivers Solid Performance as Board Commends Segment Advancements and Dividend Payout

Spice Islands Industries Ltd. (BSE: 526827), a multi-vertical enterprise with interests spanning renewable energy, hospitality, and consumer beverages, has announced that its directors expressed their appreciation for the strong growth delivered by the Company during the last quarter, attributing the performance to improved operational efficiencies and wider market penetration. They extended their gratitude to all stakeholders for their continued support and placed on record their thanks for the declaration of an interim dividend from the profits generated during the period, underscoring the Company’s commitment to enhancing shareholder value.

In the Foods & Beverages segment, anchored by the legacy Rogers brand (est. 1837), the Company recorded robust growth supported by sustained consumer demand and expanding market presence. The Directors commended the team for its focus on product innovation, strategic brand-building efforts, and customer engagement initiatives.

In the Hospitality segment, the Directors noted significant progress, driven by the addition of new hotels in Dwarka and Somnath. These properties have strengthened the Company’s presence in prominent pilgrimage destinations and contributed meaningfully to the segment’s performance. It currently operates Patang Family Resort on Talala Highway, Gujarat, and manages Hotel Holiday Icon, The Grand Ladhukara (TGL), and Hotel Aradhya in Dev Bhoomi Dwarka under a service agreement. These new ventures of managing 4 hotels in a short span mark the company's intent to build a stable hospitality portfolio.

In a strategic move to expand into consumer goods, Spice Islands has acquired the legacy beverage brand Rogers, originally founded by the East India Company in 1837. Rogers offers nine unique soft drink flavors, with its flagship 'Ice Cream Soda' already gaining traction. The company is now actively scouting for pan-India distributors and stockists to scale up this vertical. Rogers is the oldest soda brand in India, which makes its older than Pepsi and Coca Cola. Rogers is the first company to manufacture soft drink and soda and Water in India. The beverage business is expected to contribute to revenues, with impact being visible in the current year.

Spice Islands has evolved into a multi-vertical enterprise with interests spanning renewable energy, hospitality, and consumer beverages. Headquartered in Mumbai, with operations across India, the company leverages its deep-rooted understanding of international standards and consumer needs to drive growth across sectors.