Mumbai, Jan. 31 -- Profit before tax (PBT) stood at Rs 35.92 crore, down 19.5% compared with Rs 44.61 crore in the corresponding quarter last year.

Total expenses rose 2.22% YoY to Rs 643.07 crore in the quarter ended 31 December 2025. The cost of material consumed, including packing material, was at Rs 229.54 crore (up 1.08% YoY), and employee benefits expenses stood at Rs 110.24 crore (up 14.83% YoY) during the quarter.

EBITDA declined by 16.8% to Rs 69 crore in Q3 FY26, compared to Rs 83 crore in Q3 FY25. The EBITDA margin declined to 10.4% in Q3 FY26, impacted by higher sales promotion spending and one-time costs of Rs 5.7 crore related to the new labour code.

Commenting on the results and performance, Ramesh Kumar Dua, chairman an...