Gujarat Ambuja Exports FY26 Results: Net Profit Rises, 30% Final Dividend Recommended
Gujarat Ambuja Exports announced audited FY26 results with standalone net profit rising to ₹304.99 crores from ₹250.82 crores and total income growing to ₹5,835.99 crores. Q4 EBITDA surged to ₹1.95B with margin expanding to 13.30%. The Board recommended a final dividend of 30% (₹0.30/share) for FY26, subject to shareholder approval, with dividend payment to be made through electronic mode only.

*this image is generated using AI for illustrative purposes only.
Gujarat Ambuja Exports Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors, at their meeting held on May 9, 2026, approved the results and recommended a final dividend of 30%, or ₹0.30 per equity share of ₹1 each, for the financial year 2025-26, subject to shareholder approval at the ensuing Annual General Meeting. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company communicated the summary of audited financial results and the dividend declaration to its members via email on May 9, 2026. The statutory auditors, M/s. Kantilal Patel & Co., issued an unmodified opinion on the financial statements.
Q4 Standalone Performance
Gujarat Ambuja Exports delivered a strong quarterly performance in Q4. Standalone net profit for the quarter stood at ₹1.35B compared to ₹327M in the same quarter of the previous year. Revenue for the quarter came in at ₹14.66B versus ₹12.67B in the year-ago period. EBITDA for Q4 surged to ₹1.95B from ₹622M year-on-year, with the EBITDA margin expanding significantly to 13.30% from 4.91% in the corresponding quarter of the prior year.
| Q4 Standalone Highlights: | Q4 FY26 | Q4 FY25 |
|---|---|---|
| Revenue: | ₹14.66B | ₹12.67B |
| EBITDA: | ₹1.95B | ₹622M |
| EBITDA Margin: | 13.30% | 4.91% |
| Net Profit: | ₹1.35B | ₹327M |
Standalone Financial Performance
For the financial year ended March 31, 2026, the company reported a robust standalone performance. Total income increased to ₹5,835.99 crores from ₹4,696.28 crores in the previous year. Revenue from operations stood at ₹5,728.60 crores, while other income contributed ₹107.39 crores. Net profit for the year rose to ₹304.99 crores from ₹250.82 crores in FY25. Total expenses for the year were ₹5,426.90 crores, with the cost of materials consumed being the largest component at ₹3,493.20 crores. Profit before tax improved to ₹405.12 crores against ₹342.51 crores in the prior year.
| Standalone Financial Highlights (₹ in Crores): | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue from Operations: | 5,728.60 | 4,612.58 |
| Other Income: | 107.39 | 83.70 |
| Total Income: | 5,835.99 | 4,696.28 |
| Total Expenses: | 5,426.90 | 4,353.77 |
| Profit Before Tax: | 405.12 | 342.51 |
| Net Profit: | 304.99 | 250.82 |
| Basic EPS (₹): | 6.65 | 5.47 |
Consolidated Financial Performance
On a consolidated basis, which includes the results of wholly-owned subsidiary Maiz Citchem Limited, total income for FY26 was ₹5,835.77 crores compared to ₹4,695.06 crores in FY25. Consolidated net profit for the year stood at ₹304.28 crores, up from ₹249.25 crores in the previous year. Consolidated profit before tax was ₹404.41 crores versus ₹340.94 crores in FY25. Basic and diluted EPS on a consolidated basis stood at ₹6.63 for FY26 compared to ₹5.44 in FY25.
| Consolidated Financial Highlights (₹ in Crores): | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Total Income: | 5,835.77 | 4,695.06 |
| Profit Before Tax: | 404.41 | 340.94 |
| Net Profit: | 304.28 | 249.25 |
| Basic EPS (₹): | 6.63 | 5.44 |
Segment-wise Performance
The consolidated segment data reveals the Maize Processing Division as the largest revenue contributor, generating ₹3,565.95 crores in FY26, followed by the Other Agro Processing Division at ₹2,089.21 crores, which saw a sharp increase from ₹1,168.19 crores in FY25. The Spinning Division contributed ₹65.11 crores and the Renewable Power Division added ₹8.33 crores to total revenue from operations of ₹5,728.60 crores.
| Segment Revenue (₹ in Crores): | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Maize Processing Division: | 3,565.95 | 3,376.47 |
| Other Agro Processing Division: | 2,089.21 | 1,168.19 |
| Spinning Division: | 65.11 | 60.00 |
| Renewable Power Division: | 8.33 | 7.92 |
| Total Revenue from Operations: | 5,728.60 | 4,612.58 |
Balance Sheet and Cash Flows
The standalone balance sheet as of March 31, 2026, reflects total assets of ₹4,154.26 crores, up from ₹3,584.96 crores in the prior year. Total equity stood at ₹3,297.39 crores. On a consolidated basis, total assets were ₹4,159.54 crores with total equity of ₹3,294.99 crores. Standalone net cash flow from operating activities for the year was ₹242.94 crores, while investing activities used ₹464.56 crores, primarily towards capital expenditure of ₹273.35 crores. Financing activities generated ₹225.23 crores, resulting in a net increase in cash and cash equivalents of ₹3.61 crores.
Dividend and Member Communication
In line with SEBI Master Circular HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated February 6, 2026, dividends are to be paid through electronic mode only. Members holding shares in physical form are requested to furnish PAN, contact details, bank account details, and specimen signature to the Registrar and Share Transfer Agent or the company. Members holding shares in demat form are requested to update their KYC with their respective Depository Participants. The financial results have been uploaded on the company's website at www.ambujagroup.com and were circulated electronically to members whose email addresses are registered with the company.
Exceptional Items and Key Board Decisions
The financial results included an exceptional item related to the statutory impact of new Labour Codes. The Government of India consolidated 29 existing labour laws into four labour codes via notification dated November 21, 2025. The company had initially recognised an estimated incremental liability of ₹4.66 crores during the quarter and nine months ended December 31, 2025. Following actuarial valuation, the liability was revised to ₹3.97 crores for the full year, resulting in a reversal of excess provision of ₹0.69 crores in the quarter ended March 31, 2026. Beyond the financial results, the Board approved the re-appointment of M/s. T. R. Chadha & Co. LLP as Internal Auditor and M/s. N. D. Birla & Co. as Cost Auditor for FY 2026-27.
Historical Stock Returns for Gujarat Ambuja Exports
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.14% | +1.03% | +4.65% | +48.83% | +40.02% | +79.70% |
Given the Other Agro Processing Division's near-doubling of revenue to ₹2,089 crores in FY26, which specific commodities or geographies are driving this growth and can this trajectory be sustained in FY27?
With capital expenditure of ₹273 crores in FY26 and investing activities consuming ₹464 crores, what major expansion projects or capacity additions is Gujarat Ambuja Exports planning that could drive the next leg of revenue growth?
How might the full implementation of India's four consolidated Labour Codes impact Gujarat Ambuja Exports' operational costs and workforce management strategy going forward?

































