KRBL Limited has informed the Exchange about Transcript
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KRBL Limited shared the transcript of its Q3 FY26 earnings call. Consolidated Q3 revenue stood at INR1,476 crores with EBITDA of INR250 crores and PAT of INR170 crores, reflecting a sharp jump in gross margin to 30.2% (vs 24.0%) and EBITDA margin to 16.9% (vs 12.0%) on lower basmati input costs. Nine-month revenue grew 10% to INR4,572 crores, with export revenue up 21% to INR1,276 crores and domestic revenue up 6% to INR3,215 crores. The company turned net cash with negative net bank borrowings of INR388 crores and INR400 crores cash on the balance sheet. Management guided Q4 FY26 EBITDA to expand further by 200-250 bps, expected export growth of minimum 15% next year, and is evaluating a buyback while planning to monetize part of its 125-acre Panipat land parcel.
Strong margin expansion and net cash position are positives for shareholders. The guidance for further EBITDA growth of 200-250 bps in Q4, 15% export growth next year, and a potential buyback could support the stock. Investors should note that domestic volumes were flat year-on-year due to competition from regional and private label players, which the company is addressing by prioritising margin over short-term volume gains.