Ganesh Consumer Products Limited announced its audited financial results for Q4 FY26 and full year FY26 ended March 31, 2026, following a Board meeting held on May 22, 2026.

Financial Performance - Q4 FY26 vs Q4 FY25

  • Total Income: ₹2,202 Mn (vs ₹2,215 Mn in Q4 FY25), decrease of 0.6% YoY
  • EBITDA: ₹175 Mn (vs ₹128 Mn in Q4 FY25), increase of 36.6% YoY
  • EBITDA Margin: 8.0% (vs 5.8% in Q4 FY25), expansion of 221 basis points
  • PAT: ₹95 Mn (vs ₹46 Mn in Q4 FY25), increase of 108.5% YoY
  • PAT Margin: 4.3% (vs 2.1% in Q4 FY25), expansion of 227 basis points
  • Basic/Diluted EPS: ₹2.37 (vs ₹1.26 in Q4 FY25), increase of 88.1% YoY

Financial Performance - Q4 FY26 vs Q3 FY26

  • Total Income: ₹2,202 Mn (vs ₹2,126 Mn in Q3 FY26), increase of 3.6% QoQ
  • EBITDA: ₹175 Mn (vs ₹229 Mn in Q3 FY26), decrease of 23.5% QoQ
  • EBITDA Margin: 8.0% (vs 10.8% in Q3 FY26), contraction of 278 basis points
  • PAT: ₹95 Mn (vs ₹122 Mn in Q3 FY26), decrease of 21.8% QoQ
  • PAT Margin: 4.3% (vs 5.7% in Q3 FY26), contraction of 141 basis points
  • Basic/Diluted EPS: ₹2.37 (vs ₹3.02 in Q3 FY26), decrease of 21.5% QoQ

Financial Performance - FY26 vs FY25

  • Total Income: ₹8,769 Mn (vs ₹8,552 Mn in FY25), increase of 2.5% YoY
  • EBITDA: ₹856 Mn (vs ₹732 Mn in FY25), increase of 16.8% YoY
  • EBITDA Margin: 9.8% (vs 8.6% in FY25), expansion of 121 basis points
  • PAT: ₹424 Mn (vs ₹354 Mn in FY25), increase of 19.6% YoY
  • PAT Margin: 4.8% (vs 4.1% in FY25), expansion of 69 basis points
  • Basic/Diluted EPS: ₹11.04 (vs ₹9.74 in FY25), increase of 13.3% YoY

Management Commentary

Managing Director Manish Mimani stated that FY26 was the company's first full year as a publicly listed company. The company prioritized structural quality over short-term volume growth. Key business highlights include:

  • B2C business remained firm despite competitive intensity
  • Spices category grew 19% year-on-year
  • E-commerce channel grew 43% YoY, now contributing 14% of B2C revenue
  • Margin improvement driven by strategic procurement planning and sharper portfolio mix
  • Company maintains a negative net debt position
  • Expanded product portfolio to 254 SKUs
  • Distribution footprint strengthened across key markets including West Bengal, Jharkhand, Orissa, Bihar and Assam
  • Distribution network spans over 350,000+ retail outlets
  • Appointment of Ravindra Jadeja as brand ambassador for Sattu portfolio

Dividend Declaration

The Board has recommended a final dividend of ₹2.5 per share, subject to shareholder approval. This implies a total dividend of ₹5.0 per share (including ₹2.5 interim dividend) and a payout ratio of approximately 48%.

Business Overview

Ganesh Consumer Products Limited is a leading manufacturer of packaged wheat and gram-based flours including atta, maida, sooji, dalia, besan, and sattu, along with spices, instant mixes, and ethnic flour. The company is recognized as a market leader in East India with vertically integrated modern manufacturing facilities.