posted full-year revenue of ₹2,043.6 crore for FY26, crossing the ₹2,000 crore milestone for the first time, up 9.1 per cent from ₹1,873.9 crore in FY25. Despite the top-line achievement, profit after tax for the year fell 1.6 per cent to ₹140.9 crore, as margins remained under pressure. The stock traded at ₹178.21 on the NSE on Thursday, down 1.41 per cent, with sellers outnumbering buyers — 59.99 per cent of traded quantity on the sell side.
For the quarter ended March 2026, revenue stood at ₹485.9 crore, up 8.9 per cent year-on-year but down 8.9 per cent sequentially from Q3 FY26. EBITDA came in at ₹61.7 crore, with margins at 12.7 per cent, a marginal improvement of 25 basis points over Q4 FY25. Quarterly PAT rose a modest 3.3 per cent to ₹35.4 crore.
Both business segments contributed to quarterly growth. Biscuits revenue reached ₹278 crore, up 8 per cent year-on-year, while the Bakery segment posted ₹195 crore, up 9 per cent. On a two-year basis, the Bakery segment has grown 29 per cent since Q4 FY24, outpacing Biscuits at 16 per cent.
Managing Director Anoop Bector cited a difficult operating year marked by tariff uncertainty, disruptions from GST 2.0 reforms in Q3, and the West Asia conflict pressuring biscuit exports. The company has initiated price increases and cost efficiency measures under an internal programme called Project IMPACT, rolling out from Q1 FY27.
The stock has lost over 40 per cent in the past year against a near-flat broader market, and is down about 28 per cent year-to-date. It currently trades at a trailing P/E of 39.39, with a market capitalisation of approximately ₹5,471 crore. The company is listed on the NIFTY Microcap 250 index.