Shares of fell 2.89 per cent to close at ₹25.54 on Monday on the NSE, as the company announced its first quarterly results since its listing on the Indian stock exchanges in February 2026.
The stock touched an intraday low of ₹24.25 before recovering partially, closing near its session low — a sign of persistent selling pressure, following the release of its Q3 FY26 financials on March 6.
The company, demerged from effective December 1, 2025, reported a net loss of ₹178.38 crore for the quarter ended December 31, 2025, on revenue of ₹223.43 crore. Organic sales declined 6.5 per cent year-on-year, though volumes edged up 1.2 per cent.
Exceptional charges of ₹93.70 crore — including brand impairment, asset write-downs, and one-off establishment costs — amplified the bottom-line damage. EBITDA loss before exceptionals stood at ₹64.2 crore, with gross margins at 41.5 per cent, hit by cocoa inflation and trade investment write-offs.
Management flagged prolonged monsoon conditions and GST transition impacts as key headwinds during the quarter, while noting that power brands Magnum and Cornetto held up with mid-single digit volume growth. The in-home portfolio, however, underperformed and is being relaunched ahead of the 2026 season.
The Magnum Group’s open offer to acquire up to 26 per cent of publicly held shares remains ongoing. The company has guided for improved momentum beginning the 2026 ice cream season.