Mumbai, May 11 -- However, revenue from operations increased 10.40% year on year (YoY) to Rs 1,157.56 crore during the period under review.

Profit before tax stood at Rs 31.97 crore in Q4 FY26, down by 40.98% from Rs 54.17 crore recorded in Q4 FY25.

EBITDA declined 35% year-on-year to Rs 52.2 crore in the March 2026 quarter, while EBITDA margin stood at 4.5%.

The company recognised a one-time employee benefit provision of Rs 4.8 crore during FY26 following the implementation of the new Labour Codes under Ind AS 19.

Procurement volumes fell 7% YoY to 16.38 LLPD in Q4 FY26, while average procurement prices increased 8% YoY to Rs 46.67 per litre and 7% YoY to Rs 44.72 per litre in FY26 amid industry-wide milk inflation.

Milk sales volu...