Patanjali Foods Performance Brief: Q3 FY26 Patanjali Foods reported landmark financial results for the quarter ending December 31, 2025, achieving its **highest-ever quarterly revenue** of **₹10,483.71 crore**. This represents a strong **16.53% year-on-year growth**, signaling a successful shift in the company’s business mix. FMCG Segment Accelerates The FMCG division has emerged as a primary growth engine, with combined sales jumping **38.93%** to reach **₹3,248.35 crore**. This segment now contributes over **30%** of total revenue. Within this category: * **Ghee** revenues surged by **46.50%**. * **Biscuits** rose **26.44%**, with the 'Doodh' brand crossing the **₹1,000 crore** sales mark within just nine months. * **Home and Personal Care (HPC)** maintained high profitability with an EBITDA margin near **25%**. Edible Oil and Operations The Edible Oil segment continues to provide volume leadership, contributing **₹7,335.71 crore** to the quarterly topline. Branded oils remain the dominant force, accounting for approximately **85%** of segment sales. Operational highlights include the expansion of oil palm plantations to **1,08,164 hectares** and a presence in **36 countries** through its export network. Export revenues for the nine-month period reached **₹156 crore**. Profitability and Market Context Consolidated net profit for the quarter stood at **₹593.44 crore**, a significant **60% jump** compared to the same period last year. However, the company faces a divergence in margins; while the FMCG segment enjoys margins above **10.8%**, the Edible Oil segment operates on a thinner margin of **2.39%** due to global commodity volatility. Strategic Outlook for 2026 Management anticipates a robust finish to the fiscal year. Growth is expected to be sustained by: * **GST 2.0 Reforms:** Rationalization is driving price cuts in large packs and increasing grammage in smaller units. * **Rural Resilience:** Positive Kharif output and welfare schemes are supporting disposable income in rural markets. * **Inflation Easing:** Benign inflation levels, which averaged **1.7%** in late 2025, are strengthening urban demand. The stock has reflected this momentum, trading near **₹521.75** as of mid-February 2026, with a market capitalization exceeding **₹56,700 crore**. High-single-digit volume growth remains the industry-wide target as the sector pivots toward premiumization and wellness-oriented products.