Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 | Q2 FY23 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 4,552 | 3,583 | 3,710 | 3,554 | 3,753 | 3,141 | 3,369 | 3,235 | 3,395 | 2,902 | 3,130 | 3,076 | 3,275 | 2,689 | 2,998 | 3,011 | 3,101 | 2,507 | 2,851 | 2,626 | 1,937 | 2,236 | 2,299 | 1,880 | 878 | 1,545 | 1,927 | 18.1 | 2,017 | 1,639 | 1,848 | 1,757 | 1,834 | 1,485 |
| Other income | 92 | 64.8 | 65.5 | 50.2 | 85.7 | 80.4 | 55.8 | 57.1 | 53.9 | 48.9 | 37 | 31.6 | 23.4 | 22.8 | 5.1 | 11 | 10.7 | 11.1 | 5.2 | 13.9 | 6.1 | 17.3 | 20.4 | 21.7 | 20 | 14 | 39.8 | 0.6 | 39.9 | 56.2 | 30.7 | 27.6 | 32.1 | 52.1 |
| Total expenses | 3,468 | 2,862 | 2,930 | 2,817 | 2,923 | 2,620 | 2,672 | 2,566 | 2,679 | 2,451 | 2,480 | 2,485 | 2,653 | 2,318 | 2,585 | 2,587 | 2,642 | 2,178 | 2,373 | 2,149 | 1,655 | 1,839 | 1,720 | 1,424 | 867 | 1,304 | 1,513 | 14.9 | 1,618 | 1,406 | 1,550 | 1,430 | 1,490 | 1,245 |
| EBITDA | 1,194 | 833 | 894 | 851 | 941 | 633 | 798 | 769 | 813 | 577 | 742 | 680 | 707 | 459 | 496 | 500 | 529 | 401 | 549 | 550 | 348 | 461 | 641 | 513 | 66.4 | 301 | 463 | 3.7 | 444 | 279 | 337 | 365 | 382 | 274 |
| EBITDA margin | 26.2% | 23.2% | 24.1% | 23.9% | 25.1% | 20.1% | 23.7% | 23.8% | 23.9% | 19.9% | 23.7% | 22.1% | 21.6% | 17.1% | 16.5% | 16.6% | 17.1% | 16.0% | 19.3% | 20.9% | 17.9% | 20.6% | 27.9% | 27.3% | 7.6% | 19.5% | 24.0% | 20.4% | 22.0% | 17.0% | 18.2% | 20.8% | 20.8% | 18.4% |
| Finance costs | 13.3 | 13.9 | 13.3 | 13.3 | 13.8 | 14.4 | 12.5 | 11.7 | 11.8 | 13.4 | 12.8 | 13.1 | 11.9 | 11.8 | 15.1 | 11.7 | 9 | 9.4 | 10.8 | 12.4 | 9.6 | 7.4 | 12.1 | 8.7 | 9.1 | 9.8 | 8.2 | 0.1 | 7.3 | 6.6 | 6.2 | 6 | 7.3 | 3.8 |
| Depreciation | 97.3 | 97.1 | 101 | 100 | 96.7 | 96.7 | 89.5 | 87.9 | 84.4 | 113 | 79.5 | 75.2 | 73.4 | 76.2 | 68.6 | 63.6 | 61.3 | 62.2 | 60.5 | 60.3 | 56.6 | 57.2 | 49.5 | 47.9 | 46.1 | 50.1 | 41.9 | 0.4 | 37.7 | 39 | 32.1 | 31.6 | 30.1 | 29.8 |
| Profit before tax | 1,190 | 779 | 840 | 788 | 916 | 577 | 752 | 726 | 770 | 428 | 687 | 623 | 645 | 394 | 417 | 436 | 470 | 341 | 483 | 491 | 287 | 410 | 600 | 478 | 31.2 | 222 | 453 | 3.5 | 439 | 279 | 329 | 355 | 376 | 292 |
| Tax | 308 | 193 | 216 | 203 | 238 | 149 | 195 | 185 | 198 | 122 | 177 | 163 | 170 | 107 | 111 | 101 | 116 | 91.5 | 127 | 116 | 72.1 | 104 | 155 | 122 | 15.9 | 65.6 | 108 | 0.3 | 144 | 43.1 | 111 | 123 | 136 | 45.7 |
| Net profit | 884 | 584 | 624 | 585 | 678 | 428 | 557 | 540 | 571 | 304 | 511 | 459 | 474 | 286 | 308 | 338 | 358 | 254 | 359 | 376 | 218 | 307 | 446 | 356 | 15.8 | 157 | 346 | 3.3 | 294 | 237 | 220 | 231 | 241 | 248 |
| Net margin | 19.4% | 16.3% | 16.8% | 16.4% | 18.1% | 13.6% | 16.5% | 16.7% | 16.8% | 10.5% | 16.3% | 14.9% | 14.5% | 10.6% | 10.3% | 11.2% | 11.5% | 10.1% | 12.6% | 14.3% | 11.2% | 13.8% | 19.4% | 19.0% | 1.8% | 10.1% | 18.0% | 18.0% | 14.6% | 14.5% | 11.9% | 13.2% | 13.1% | 16.7% |
| EPS (₹) | 8.57 | 5.69 | 6.07 | 5.69 | 13.22 | 8.30 | 10.86 | 10.51 | 11.15 | 5.91 | 10.04 | 8.85 | 9.21 | 5.57 | 5.98 | 6.54 | 6.96 | 5.00 | 7.05 | 7.37 | 4.33 | 6.03 | 8.70 | 7.01 | 0.53 | 3.10 | 6.73 | 6.38 | 5.77 | 4.63 | 4.32 | 4.56 | 4.70 | 4.80 |
| Net profit YoY | +30.3% | +36.6% | +12.0% | +8.2% | +18.7% | +40.5% | +9.0% | +17.8% | +20.6% | +6.4% | +66.0% | +35.8% | +32.5% | +12.4% | −14.3% | −10.1% | +64.3% | −17.3% | −19.5% | +5.4% | +1275.7% | +96.4% | +29.0% | +10866.0% | −94.6% | −33.9% | +57.6% | −98.6% | +22.3% | −4.3% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 14,601 | 13,140 | 12,383 | 11,799 | 9,921 | 7,293 | 7,294 | 7,079 | 6,219 |
| Other income | 266 | 247 | 140 | 49.6 | 36.3 | 79.4 | 149 | 147 | 148 |
| Total expenses | 11,531 | 10,537 | 10,068 | 10,132 | 8,355 | 5,850 | 5,922 | 5,869 | 5,013 |
| EBITDA | 3,519 | 3,013 | 2,707 | 1,984 | 1,847 | 1,681 | 1,576 | 1,368 | 1,341 |
| EBITDA margin | 24.1% | 22.9% | 21.9% | 16.8% | 18.6% | 23.0% | 21.6% | 19.3% | 21.6% |
| Finance costs | 54.2 | 50.4 | 51.2 | 47.6 | 42.1 | 37.2 | 33.6 | 26.1 | 15.5 |
| Depreciation | 395 | 358 | 341 | 270 | 240 | 201 | 170 | 133 | 120 |
| Profit before tax | 3,323 | 2,826 | 2,383 | 1,717 | 1,602 | 1,519 | 1,467 | 1,338 | 1,354 |
| Tax | 849 | 727 | 632 | 434 | 407 | 396 | 348 | 413 | 393 |
| Net profit | 2,471 | 2,096 | 1,747 | 1,289 | 1,207 | 1,126 | 1,122 | 928 | 966 |
| Net margin | 16.9% | 16.0% | 14.1% | 10.9% | 12.2% | 15.4% | 15.4% | 13.1% | 15.5% |
| EPS (₹) | 24.07 | 40.82 | 34.01 | 25.05 | 23.76 | 22.26 | 21.98 | 18.21 | 18.95 |
| Net profit YoY | +17.9% | +20.0% | +35.6% | +6.8% | +7.2% | +0.4% | +20.9% | −3.9% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | 2,829 | 2,285 | 2,724 | 1,558 | 955 |
| Investing cash flow | −1,225 | −1,540 | −1,770 | −899 | −558 |
| Financing cash flow | −1,673 | −918 | −742 | −656 | −468 |
| Capital expenditure | 593 | 452 | 559 | 505 | 375 |
| Free cash flow (CFO − capex) | 2,237 | 1,833 | 2,166 | 1,052 | 581 |
Net profit trend
annual, ₹ croreFY21
₹1,126
FY22
₹1,207+7%
FY23
₹1,289+7%
FY24
₹1,747+36%
FY25
₹2,096+20%
FY26
₹2,471+18%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 4 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 4 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 7 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 7 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 3 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 3 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 30 Oct 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 30 Oct 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 6 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 6 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 75.7×57.7×
P/B5Y avg 16.78×14.26×
ROEFY26, on average equity24.0%
Net margin16.9%
Debt / equity0.01×
Revenue CAGR (3Y)7.4%
Profit CAGR (3Y)24.2%
EPS (TTM)₹26.29
Market cap₹1.54L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
14.26×
vs 8-point avg 16.78× (−15%)
12.07× low16.78× avg20.74× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹15,433 Cr+10%
Net worth₹10,832 Cr+11%
Total borrowings₹106 Cr−28%
Cash & bank balances₹232 Cr−28%
Investments₹4,183 Cr+21%
Inventories₹1,738 Cr+3%
Trade receivables₹2,181 Cr+20%
Trade payables₹1,537 Cr+11%
Change vs the same date a year earlier.
Revenue mix FY26
Consumer & Bazaar78.0%result ₹3,546 Cr
Business to Business21.6%result ₹529 Cr
Others0.4%result ₹−9.3 Cr
Segment revenue as reported, before inter-segment eliminations.