Ganesh Consumer Products Limited (formerly Ganesh Grains Limited) announced its un-audited financial results for the quarter and nine months ended December 31, 2025. The company reported a proactive response to intense price-led competition in select B2C markets and a conscious reduction in low-margin B2B volumes during Q3 FY26. Despite this, 9M FY26 revenues grew 3.6% year-on-year (YoY), and Q3 FY26 EBITDA and PAT margins improved significantly by 315 bps and 220 bps YoY, respectively, reaching 10.8% and 5.7%. B2C volumes remained stable in Q3 FY26, with B2C revenues growing approximately 6% YoY in 9M FY26. The moderation in B2B revenue by 12% YoY in Q3 FY26 was attributed to the strategic pruning of low-margin volumes. Gross margins expanded to 25.9% in Q3 FY26, up 494 bps YoY, due to calibrated raw material procurement and pricing actions. EBITDA margins improved to 10.8% driven by operating efficiencies and better realisations. The spices segment emerged as a high-margin growth engine, delivering 31% YoY revenue growth in 9M FY26. Digital channels, including e-commerce and quick commerce, saw a 58% YoY revenue increase in 9M FY26. The company highlighted its debt-free balance sheet with surplus cash of over ₹1,100 million (110 crore), positioning it well for future investments. Mr. Manish Mimani, Chairman and Managing Director, stated that the company's performance reflects the resilience of its core franchise and confidence in long-term potential. He emphasized the focus on margin-led growth, with Q3 FY26 EBITDA and PAT margins exceeding 10.5% and 5.5% respectively. The company is strategically shaping a higher-quality growth profile by strengthening value-added categories, improving margins, and allocating capital with a long-term perspective. The company is well-positioned to invest in brand building and market expansion.
