KRBL Limited delivered a resilient performance in Q3 FY26 despite challenging market conditions, reporting consolidated revenue of ₹1,476 crores with improved margins and strong operational efficiency. The company's strategic focus on premium segments and disciplined procurement helped maintain profitability amid geopolitical uncertainties.

Financial Performance Overview

The company's Q3 FY26 results demonstrated strong margin expansion despite revenue pressures. Key financial metrics showed significant improvement in profitability indicators.

For the nine-month period ended December 31, 2025, total income reached ₹4,572 crores, representing 10% year-on-year growth. The company maintained strong margin performance with gross profit at 28.3%, EBITDA at 15.8%, and PAT at 10.6%.

Export Business Performance

Export operations faced headwinds during the quarter due to geopolitical tensions, particularly affecting bulk export segments. Export revenue declined to ₹357 crores in Q3 FY26 from ₹563 crores in the corresponding quarter of the previous year.

Despite quarterly challenges, the nine-month export revenue of ₹1,276 crores reflected a robust 21% year-on-year increase. The company's focus on premium branded exports helped maintain strong realizations, with branded export prices at approximately ₹1,42,000 per metric ton.

Domestic Market Dynamics

The domestic business demonstrated stability amid competitive pressures, with revenue excluding power remaining flat at ₹1,104 crores for Q3 FY26. The company maintained its market leadership position across multiple channels while focusing on margin preservation.

The company's market share remained strong across channels, with 37.8% in general trade, 39.3% in modern trade, and 41.2% in e-commerce. Distribution network spans 3.2 lakh retail outlets, reaching 1.2 crore urban Indian households.

Inventory and Balance Sheet Strength

KRBL maintained a strong balance sheet position with optimized inventory levels and improved cash generation. Total inventory as of December 31, 2025, stood at ₹3,941 crores, comprising ₹1,322 crores in paddy inventory and ₹2,450 crores in rice inventory.

Strategic Outlook and Growth Initiatives

Management outlined several strategic priorities for sustainable growth, including continued focus on premium product positioning and operational efficiency improvements. The company expects significant margin expansion in Q4 FY26, with EBITDA projected to improve by 200-250 basis points.

Key strategic initiatives include:

• Premium Portfolio Expansion: Strengthening branded and premium product presence in international markets
• Distribution Enhancement: Building robust go-to-market structure with 16 C&Fs and 8 super stockist points
• Capacity Optimization: Long-term consolidation plans at Panipat for enhanced scalability
• Product Diversification: Expanding Uplife brand with value-added rice products and edible oil segment

For the next financial year, management projects export growth of approximately 15%, supported by India's pricing competitiveness and strong demand in key markets. The company's disciplined procurement strategy and deep sourcing network position it well to capitalize on emerging opportunities in the global rice market.

KRBL Limited has informed stock exchanges about a scheduled interaction between its Chief Financial Officer and institutional investors, in accordance with regulatory disclosure requirements.

Meeting Details

The company has announced a virtual one-to-one interaction with Fidelity Management & Research Co. LLC, scheduled for Tuesday, March 03, 2026. The meeting details are outlined below:

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates companies to inform stock exchanges about material events and information that could impact investor decisions.

Important Disclaimers

KRBL Limited has provided specific clarifications regarding the scheduled interaction:

• The meeting schedule is subject to changes due to exigencies on the part of analysts, investors, or the company
• No unpublished price sensitive information pertaining to the company will be shared during the meeting with institutional investors

The communication was signed by Piyush Asija, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited on February 26, 2026.

Exchange Communication

The formal intimation was addressed to both major Indian stock exchanges where KRBL Limited shares are listed, ensuring comprehensive regulatory compliance and transparency in investor relations activities.