Q3 CY2026: revenue up 33%, margins hit by packaging costs
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts more than Nifty 100 and 2.2 pts more than its Beverages peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q3 CY2026 revenue rose 33.2% to Rs 66,076 million and volume 28.7%. EBITDA grew 25.1% to Rs 14,267 million (margin 21.6%), while PAT rose 13.5% to Rs 8,306 million. Gross margin fell 334 bps to 53.1% on higher packaging costs; management says it has likely troughed. International volume rose 39.9%. Interim dividend is Rs 0.50 per share. CY2027 capex plan: Rs 1,000 crore in India and $90-100 million overseas.
Strong growth and the dividend support the stock, but packaging costs remain a risk. Management says margins have likely bottomed.