Mumbai, Dec. 9 -- On a consolidated basis, net sales increased 26.3% YoY to Rs 1,051.24 crore, while net profit jumped 62.4% YoY to Rs 72.33 crore in Q2 FY26. Profit before tax moved up 58.6% YoY to Rs 98.86 crore. Adjusted EBITDA rose 38% YoY to Rs 269.7 crore, with margins improving to 26% from 23% a year earlier.

Total expenditure rose 24.6% YoY to Rs 870.1 crore, driven by a 37.8% surge in employee costs to Rs 473.06 crore and a 64.6% rise in raw material costs to Rs 27.12 crore. Free cash flow for H1 FY26 reached Rs 644.1 crore, up from Rs 543.4 crore in H1 FY25, while the treasury stood at Rs 2,551.9 crore as of 30 September 2025.

The online business continued to build momentum with 3.22 million enrollments in H1 FY26, up 20% YoY....