| Metric | Value (₹ Cr) | vs Q2 FY26 |
|---|---|---|
| Revenue | 211.75 | 11.3% |
| Total Income | 212.63 | 11.4% |
| Expenditure | 196.40 | 12.7% |
| PBT | 16.24 | 8.8% |
| Net Profit | 12.20 | 9.7% |
| OPM | 10.80% | 0.78pp |
| NPM | 5.74% | 1.10pp |
| EPS | 3.02 | 0.7% |
Ganesh Consumer Posts Multi-Year High Margins on Pricing Discipline and Portfolio Optimisation
04 Feb 2026 · 4 Feb, 9:53 pm
Summary
Ganesh Consumer Products Limited announced its financial results for the quarter and nine months ended Dec 31, 2025. The company reported a YoY revenue growth of 3.6% and a significant increase in gross profit, EBITDA, PBT, and PAT margins.
Key Highlights
- 1
Q3 FY26 revenues moderated due to intense price-led competition in select B2C markets and reduced low-margin B2B volumes
- 2
9M FY26 revenues grew 3.6% YoY
- 3
Q3 FY26 EBITDA and PAT grew 315 bps and 220 bps YoY respectively to 10.8% and 5.7%
- 4
B2C volumes remained intact during Q3 FY26
- 5
B2C revenues grew ~6% YoY in 9M FY26
- 6
12% YoY moderation in B2B revenue in Q3 FY26 due to pruning of low-margin B2B volumes
- 7
Gross margins expanded to 25.9% in Q3 FY26, supported by calibrated raw material procurement and pricing actions
- 8
Spices segment delivered 31% YoY revenue growth in 9M FY26
- 9
E-commerce and quick commerce revenues grew 58% YoY in 9M FY26
- 10
Repayment of borrowings using IPO proceeds led to a sharp reduction in finance costs
- 11
Company is well positioned to accelerate brand investments, expand distribution, and pursue future growth opportunities
Management Comments
Mr. Manish Mimani
Chairman and Managing Director
Our performance over 9M FY26 reflects the inherent resilience of our core franchise and reinforces our confidence in the long-term potential of the business. Consistent with our margin-led growth strategy, we delivered EBITDA and PAT margins exceeding 10.5% and 5.5% respectively in Q3 FY26 reflecting continued strengthening of our operating fundamentals and earnings quality. Spices remain a strategic priority and a key contributor to portfolio premiumisation, delivering ~31% revenue growth in 9M FY26, supported by strong consumer demand and expansion in higher-margin offerings. We are deliberately shaping a higher-quality growth profile by strengthening value-added categories, improving margins, and allocating capital with a long-term lens. Backed by a debt-free balance sheet and a strong cash position, we are well positioned to invest behind brand building, expand our footprint across markets, and create a scalable, profitable enterprise that delivers sustained value for all stakeholders.
Informational and educational content only. Not investment advice.