| Metric | Value (₹ Cr) | vs Q3 FY26 |
|---|---|---|
| Revenue | 218.04 | 3.0% |
| Total Income | 220.24 | 3.6% |
| Expenditure | 207.39 | 5.6% |
| PBT | 12.85 | 20.9% |
| Net Profit | 9.54 | 21.8% |
| OPM | 8.02% | 2.78pp |
| NPM | 4.33% | 1.41pp |
| EPS | 2.37 | 21.5% |
Ganesh Consumer FY26 PAT Up 19.6%, EBITDA Margins at 9.8%
22 May 2026 · 22 May, 10:41 pm
Summary
Ganesh Consumer Products Limited announced strong Q4 FY26 and full-year FY26 results, with Profit After Tax growing by 19.6% year-on-year to ₹424 million for the fiscal year. The company achieved notable margin expansion, with EBITDA margins improving by 121 basis points to 9.8% in FY26, as EBITDA reached ₹856 million. While total income saw a modest 2.5% rise to ₹8,769 million, management emphasized a deliberate focus on structural business quality, robust B2C performance, and significant growth in the spices and e-commerce channels. Mr. Manish Mimani highlighted FY26 as a defining year, establishing strong foundations and expressing confidence in the multi-decade compounding opportunity for branded staples in India. The company also recommended a final dividend of ₹2.5 per share and noted a strengthened balance sheet with a negative net debt position.
Key Highlights
- 1
Ganesh Consumer Products Limited reported a significant 19.6% year-on-year growth in Profit After Tax (PAT) to ₹424 million for the full financial year 2026.
- 2
The company's EBITDA margins expanded by 121 basis points to 9.8% in FY26, with EBITDA reaching ₹856 million, driven by strategic procurement and a sharper portfolio mix.
- 3
Total Income for FY26 stood at ₹8,769 million, reflecting a modest growth of 2.5% over the previous year, as the company deliberately prioritized structural business quality.
- 4
For Q4 FY26, PAT surged by 108.5% year-on-year to ₹95 million, while EBITDA grew by 36.6% year-on-year to ₹175 million.
- 5
Strategic business segments demonstrated strong performance, with the spices category growing by 19% year-on-year and the e-commerce channel expanding by 43% year-on-year, now contributing 14% of B2C revenue.
- 6
The Board recommended a final dividend of ₹2.5 per share for FY26, implying a payout ratio of ~48%, reflecting confidence in the business and commitment to shareholder returns.
- 7
The company strengthened its balance sheet to a negative net debt position and enhanced brand visibility by appointing Ravindra Jadeja as the brand ambassador for its Sattu portfolio.
Management Comments
Manish Mimani
FY26 has been a defining year for Ganesh Consumer, our first full year as a publicly listed company. Our Total Income for FY26 stood at ₹8,769 million, a growth of approximately 2.5% over the prior year. While headline revenue growth was modest, we deliberately prioritised the structural quality of the business over short-term volume. Our B2C business held firm despite heightened competitive intensity, a testament to the brand equity and distribution depth we have built over years. Our spices category grew 19% year-on-year, and our e-commerce channel grew 43% YoY, now contributing 14% of B2C revenue. EBITDA for the year stood at ₹856 million, with margins expanding 121 basis points to 9.8% in FY26, a level we believe is structurally reflective of the underlying business model. The improvement was driven by strategic procurement planning, and a sharper portfolio mix. We view these as durable levers that will continue to support profitability. PAT for the full year stood at ₹424 million, a growth of 19.6% YoY, with PAT margins of 4.8%. Reflecting our confidence in the business and our commitment to shareholder returns, the Board has recommended a final dividend* of ₹2.5 per share, implying a payout ratio of ~ 48%* Our balance sheet has strengthened through the year, with the Company now maintaining a negative net debt position. Branded staples in India represent a multi-decade compounding opportunity. Our focus through FY26 has been to build the foundations, namely margins, balance sheet strength, brand, and distribution, that will allow Ganesh to participate in this opportunity at scale and with discipline. Continuing our focus on brand building, the appointment of Ravindra Jadeja as the brand ambassador for our Sattu portfolio marks a significant milestone. This partnership brings broader salience, strengthens consumer trust, and elevates the aspirational positioning of our Sattu products as a natural energy drink. With an expanding product portfolio of 254 SKUs and a strengthening distribution footprint across our key markets, Ganesh enters FY27 with sharpened execution priorities, and we remain deeply grateful to our shareholders, partners, and the entire Ganesh family for their continued trust and support.
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