Mumbai, Jan. 21 -- Revenue from operations (excluding net excise duty) jumped 7.31% to Rs 3,683 crore in Q3 December 2025, driven by solid performance in the top-half of the portfolio, partly offset by the adverse policy led impact in Maharashtra and lapping the one-time retail pipeline fill in Andhra Pradesh in prior year comparative.

Profit before tax (PBT) climbed 5.31% year on year (YoY) to Rs 654 crore in Q3 FY26.

In Q3 FY26, EBITDA stood at Rs 618 crore, up 5.1% over Q3 FY25, while the reported EBITDA margin at 16.8% contracted 35 bps year-on-year, largely due to higher A&P expenses.

Interest cost for the quarter stood at Rs 19 crore, down 5.0% year-on-year.

During the third quarter, the Prestige & Above segment accounted for 90...