Navneet Education Limited has informed the Exchange about Transcript

Navneet Education reported Q4 revenue of INR394 crores (stable YoY) and full year FY26 revenue of INR1,683 crores, down 3% from INR1,733 crores due to global macro headwinds. The publication business delivered stable revenue of INR719 crores, with management expecting a highly lucrative growth phase from FY27-FY29 as Maharashtra and Gujarat implement curriculum changes, historically triggering double-digit growth. Domestic stationery grew 4% in value (6% volume) to INR366 crores, impacted by GST exemption on paper stationery and pricing pressure from unorganized players. The company plans aggressive branding investment of INR30 crores in FY27 and INR40 crores in FY28 under the YOUVA brand to compete with regional players and scale non-paper products. Export stationery declined 10% due to US tariff challenges, compressing divisional EBITDA margins by 3%, though management expects gradual recovery from FY27. The South Gujarat manufacturing plant cost INR65 crores and is expected to achieve 2-2.5x asset turnover. Indiannica subsidiary (INR42 crores revenue, INR16 crores loss) will be merged with Navneet to realize cost synergies.