Patanjali Foods Limited has released the complete transcript of its Q3FY26 earnings conference call held on February 12, 2026, following the earlier availability of the audio recording. The company achieved record-breaking financial performance during the quarter, demonstrating strong growth across multiple business segments.

Record Financial Performance

The company delivered exceptional results for Q3FY26, with comprehensive financial metrics showcasing robust business performance:

For the nine-month period of FY26, the company reported revenue from operations of ₹29,013.98 crores, with EBITDA of ₹1,429.56 crores at a margin of 4.93%. The profit before tax stood at ₹1,118.24 crores, translating to a PBT margin of approximately 3.84%.

Segment-wise Business Performance

Edible Oil Segment

The edible oil segment generated quarterly revenue of ₹7,335.71 crores, registering 8.98% year-on-year growth with an EBITDA margin of 2.39%. Branded oils including Ruchi Gold, Mahakosh, and Sunrich drove primary growth, with nearly 85% of total edible oil sales now coming from branded products.

FMCG Segment Excellence

The FMCG segment demonstrated outstanding performance with quarterly revenue of ₹3,248 crores, reflecting 38.93% year-on-year growth and sequential growth of 12.31%. The segment achieved an EBITDA margin of 10.88% in Q3FY26.

Oil Palm Plantation Business

The oil palm plantation segment reported revenue of ₹416.23 crores with a strong EBITDA margin of 22.81%. The area under cultivation reached 1,08,164 hectares, with nearly 39% of plantations in prime yield years of 7 to 25 years.

Strategic Initiatives and Market Expansion

During the earnings call, CEO Sanjeev Asthana highlighted the company's distribution expansion, adding an estimated 0.2-0.25 million new retail outlets over the calendar year, bringing total presence to over 2 million retail outlets. The company is intensifying efforts across modern trade, e-commerce, and quick commerce platforms.

Regulatory Compliance and Documentation

The transcript release follows the company's February 18, 2026 communication to BSE Limited and National Stock Exchange of India Limited, pursuant to Regulation 30 and Schedule III of SEBI Listing Regulations. Company Secretary Ramji Lal Gupta digitally signed the notification, ensuring complete regulatory compliance and stakeholder transparency.

The comprehensive transcript provides detailed insights into the company's Q3FY26 performance discussions and management commentary shared during the investor interaction session, reinforcing Patanjali Foods Limited's commitment to maintaining transparency with its investor community.

Patanjali foods has announced a significant employee stock option grant, with its board committee approving 52,71,793 stock options for eligible employees under the company's ESOP 2023 plan. The Nomination and Remuneration Committee made this approval on February 11, 2026, marking the fourth major grant under the current employee stock option scheme.

ESOP Grant Details

The latest grant, designated as "ESOP Grant IV," falls within the shareholders' approved limit of 3,07,35,849 options under the PFL Employee Stock Option Plan 2023. Each option represents one equity share of the company with a face value of Rs. 2 per share.

Pricing and Exercise Terms

The exercise price structure offers attractive terms for employees, with options priced at a 20% discount to the latest available closing price. This discount applies to the highest volume trading exchange between BSE Limited and National Stock Exchange of India Limited on the last trading day before the grant date.

Once vested, employees have a three-year window to exercise their options. The vesting schedule and conditions are determined by the Nomination and Remuneration Committee at the time of each grant, providing flexibility in implementation.

Current ESOP Performance Metrics

The company's ESOP scheme shows active participation from employees, with significant exercise activity recorded:

The exercise of 7,04,430 options has generated Rs. 81,35,36,699.88 for the company, while 11,79,753 options have lapsed due to non-acceptance and employee resignations. The diluted earnings per share stands at Rs. 11.86 on a non-annualized basis.

Regulatory Compliance

The PFL Employee Stock Option Plan 2023 operates in full compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The scheme administration remains under the oversight of the Nomination and Remuneration Committee of the Board of Directors, ensuring proper governance and adherence to regulatory requirements.

This latest grant reinforces the company's commitment to employee participation in its growth story, providing eligible staff members with opportunities to benefit from the company's performance through equity participation.