Transcript of Earning Call

Nurture Well Industries reported strong Q3 FY26 results with revenue from operations at INR 289.77 crores, up 45.8% YoY, and EBITDA at INR 33.19 crores (up 93.8%) with margins expanding to 11.45% from 8.65%. Net profit grew 95% YoY to INR 34.60 crores. For 9M FY26, revenue reached INR 826.48 crores (+57.3% YoY) with net profit up 104% at INR 92.32 crores. Management guided FY26 full-year revenue of ~INR 1,150 crores (~50% growth) and a long-term FY29 target of INR 2,500 crores, with EBITDA margins expanding from 10% to 15% and ROE improving from 15-18% to 24-25%. The company is setting up a new INR 400 crore plant in UP (commercial production by FY28-29), adding 2-3 lines at its Neemrana facility (current capacity 65-70% utilized), and plans to fund capex via fresh equity issue in June-July 2026 with no debt. Domestic contribution is targeted to rise from 20% to 50% of revenue by FY29.