Q3 FY26 Results: Margins at Multi-Year High on Pricing Discipline

Revenue DeclineEbitda Margin ExpansionPat Growth 25pctResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-7.3%Reaction day

₹215.50

prior close

₹212.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-6.3% vs market

Packaged Foods peers, median of 34sector-0.4%-6.9% vs sector

On the reaction day the stock moved 6.3 pts less than Nifty Microcap 250 and 6.9 pts less than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-7.3-1.0-6.3-0.4-6.9

Next day

-8.9-1.8-7.1-0.9-7.9

-8.8+0.8-9.6-0.2-8.6

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15d

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-18.8-7.2-11.6-8.5-10.3

-10.0-8.9-1.2-12.7+2.7

-6.0+5.5-11.5-2.8-3.1

UpDownMarket · Nifty Microcap 250Sector · Packaged Foods peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q3 FY26 revenue dipped 2.9% YoY to 2117 INR million as the company cut low-margin B2B volumes amid intense competition. Gross margin expanded 494 bps to 25.9%. EBITDA rose 37% YoY to 228 million with margin up 315 bps to 10.8%. PAT jumped 57.6% YoY to 121 million. For 9M FY26, revenue grew 3.6% to 6534 million; spices segment up 31%, ecommerce up 58%. Company is debt-free with cash over 1100 million.

Likely market impact

Strong margin expansion and debt-free balance sheet support future brand and distribution investments; near-term B2B revenue dip reflects strategic pruning.