Publishing company Navneet Education announced Q1FY26 results Revenue from Operations: Rs 794 crore compared to Rs 798 crore during Q1FY25. EBITDA: Rs 227 crore compared to Rs 220 crore during Q1FY25. EBITDA Margin: 28.6% for Q1FY26. PBT: Rs 212 crore compared to Rs 207 crore during Q1FY25. PBT Margin: 26.7% for Q1FY26. Gnanesh (Sunil) Gala, Managing Director, said: In Q1FY26, our revenue remained stable and stood at Rs 792 crore vs Rs 794 crore in Q1FY25. Our publication segment grew from Rs 417 crore to Rs 419 crore and stationery business was Rs 372 crore vs Rs 375 crore in Q1FY25. Publication business remained flat due to only few minor changes in the lower grade curriculum. With this, the curriculum change cycle has started and going forward we foresee that the curriculum of the higher grades will start to change gradually, giving the much-anticipated momentum to publication business. Domestic stationery business degrew by 14% in Q1FY26. Drop in paper prices resulted in reduction of product pricing and hence lower realization by around 9% and volume drop of 5% was on account of competition from the unorganized sector who would have procured paper with new reduced rates. Now that paper prices have stabilized, the threat of such competition would reduce. Export stationery segment demonstrated a growth of 7% in Q1FY26 even during the challenging times of exports to the US. New product introduction and newer territories helped Navneet to expand its topline even though new rates were negotiated with the clients after reduction in paper prices. The Company is watching the unpredictable developments closely for its future business strategy. The additional 25% tariff proposed by the US is still not come into effect and will be finally decided by 27th August 2025. Thankfully, the Company has not faced any cancellation of orders, but going forward the trade is maintaining the “Wait and Watch” strategy till the final outcome of Trade negotiations between India and the US. By continuing to innovate and adapt to changing market conditions, we aim to strengthen our presence and achieve significant advancements in our core business of publishing integrated with technology offerings and introduction of new category of products in stationery segment. This will drive sustainable growth and deliver greater stakeholders’ value.” Result PDF
Publishing company Navneet Education announced H1FY25 results Total Revenue from publication business was Rs 498 crore as compared to Rs 504 crore in H1FY24. Total Revenue from Stationery Business stood at Rs 563 crore registering a growth of 3% as compared to H1FY24. Exports Revenue stood at Rs 390 crore, a growth of 9% as compared to H1FY24. Domestic Revenue stood at Rs 173 crore, a de-growth of 9% as compared to H1FY24. Working Capital Cycle as on H1FY25. Receivable Days – 56 days. FG Inventory Days – 55 days. RM Inventory Days – 80 days. The Board of Directors have declared the interim dividend of Rs 1.50 (i.e.,75 %) per equity share having face value of Rs 2/- each for the financial year 2024-25. Gnanesh (Sunil) Gala, Managing Director, said: "In H1FY25, revenue remained largely stable at Rs 1,065 crore, compared to Rs 1,053 crore in H1FY24. EBITDA for the period was Rs 236 crore, up from Rs 219 crore in the same period last year. In our publication segment, curriculum reductions for specific grades by State Boards required us to redesign certain products, impacting realizations. However, stable paper prices allowed us to set accurate pricing, which led to better-than-anticipated volume growth compared to the same period last year. This volume increase offset price reductions, maintaining stable revenue at Rs 498 crore, compared to Rs 504 crore in H1FY24. In the domestic stationery business, revenue for the period was Rs 173 crore, down from Rs 189 crore in H1FY24. This decrease was primarily due to product repricing following reduced raw material costs. However, in absolute terms we saw marginal growth in volumes across categories. Additionally, domestic sales faced some pressure due to slower-than-expected movement in channel-level inventory in key markets. To regain sales momentum in the domestic market, we are expanding our offerings within existing paper stationery categories and planning new product introductionsin non paper categories. Our export stationery business continued to strengthen, driven by growing demand for both traditional paper-based and modern non-paper products. Revenue for the period stood at Rs 390 crore, up from Rs 358 crore in the same period last year. In the export market, we have introduced new product categories in both paper and non-paper segments, and we have started receiving encouraging inquiries including the products which were evaluated for ADD." Result PDF