Navneet Education Limited , a leading educational content provider, has projected a potential turnaround in its business for the fiscal year 2027 (FY27). The company expects a 12% year-over-year growth in its publications segment, driven by early curriculum changes.

Publication Segment Growth

The company's optimistic outlook is primarily based on the anticipated revisions in school curricula. Navneet Education foresees a potential multi-year upswing as higher grade revisions commence, which may boost demand for its educational materials.

Strategies to Address U.S. Tariff Impact

To address the challenges posed by U.S. tariffs on exports, Navneet Education is proactively developing new product lines. This strategic move aims to diversify its offerings and potentially mitigate the impact of trade barriers on its export business.

Domestic Stationery Performance

The company reports that domestic stationery volumes remain stable. Navneet Education expects potential margin recovery in this segment as paper prices stabilize, which could improve profitability.

Digital Learning Ecosystem

In line with the evolving educational landscape, Navneet Education is expanding its digital learning ecosystem content. This initiative reflects the company's commitment to adapting to changing educational technologies and student needs.

Financial Performance

According to the latest financial results for the quarter ended September 30, 2025:

(Figures in crores of rupees)

Despite the overall decline in revenue, the publishing content segment showed strong growth, aligning with the company's future projections.

Dividend Announcement

The Board of Directors has declared an interim dividend of Rs. 1.50 per equity share (75%) for the financial year 2025-26, demonstrating confidence in the company's financial position despite current challenges.

Navneet Education's focus on curriculum-driven growth, product diversification, and digital expansion positions it to potentially capitalize on upcoming educational reforms and technological advancements in the sector.

Navneet Education Limited (NSE: NAVNETEDUL), a leading educational content provider and stationery manufacturer, has announced an interim dividend of ₹1.50 per share for the financial year 2025-26, despite facing challenges in its quarterly performance.

Financial Performance

For the quarter ended September 30, 2025, Navneet Education reported:

The company's revenue declined by 9.22% year-over-year to ₹246.00 crore, down from ₹271.00 crore in the same quarter last year. This decrease was primarily attributed to lower realization in the stationery segment due to reduced paper prices, despite growth in volumes.

Segment Performance

Publishing Content

The publication segment showed resilience, growing by 12.35% from ₹81.00 crore to ₹91.00 crore. This growth was driven by minor changes in the lower grade curriculum, signaling the start of a new curriculum change cycle.

Stationery Products

The stationery segment faced challenges:

• Domestic stationery business remained flat compared to Q2 FY25.
• Export stationery segment declined by 22% due to challenging global market conditions, particularly impacted by tariffs imposed by the US.

Profitability

Navneet Education's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) declined to ₹10.00 crore from ₹20.00 crore in the previous year, with the EBITDA margin contracting to 4.07% from 7.38%.

The company's net loss widened to ₹150.00 crore, compared to a loss of ₹50.00 crore in the same period last year. This significant increase in losses was primarily attributed to the decline in revenue, particularly in the export stationery segment.

Dividend Announcement

Despite the challenging quarter, Navneet Education's Board of Directors has declared an interim dividend of ₹1.50 per equity share (75%) for the financial year 2025-26. The record date for determining eligible shareholders is set for Tuesday, November 18, 2025, with the dividend to be paid on or before December 9, 2025.

Management Commentary

Mr. Gnanesh D. Gala, Managing Director of Navneet Education, commented on the results: "The curriculum change cycle has started, and we foresee that the curriculum of the higher grades will start to change gradually, giving the much-anticipated momentum to our publication business. We are working on newer products to mitigate risks in our export business and aim to strengthen our presence through innovation and adaptation to changing market conditions."

Future Outlook

Navneet Education remains focused on:

1. Capitalizing on the upcoming curriculum changes in higher grades.
2. Developing new products to mitigate risks in the export stationery segment.
3. Strengthening its core business of publishing integrated with technology offerings.
4. Introducing new categories of products in the stationery segment.

As the company navigates through these challenging times, it aims to drive sustainable growth and deliver greater value to its stakeholders through innovation and strategic adaptations to market dynamics.