Mohan Meakin Limited – Quarterly Financial Performance Analysis (Q3 FY26 vs Q3 FY25)

Financial Performance (Q3 FY26 vs Q3 FY25): Mohan Meakin Limited reported stable operating performance for the quarter ended 31 December 2025 (Q3 FY26). Total Revenue increased by 9.5% year-on-year (YoY) to ₹902.49 Crore, compared to ₹823.92 Crore in Q3 FY25. Profit After Tax (PAT) rose significantly by 71.5% YoY to ₹70.16 Crore, compared with ₹40.91 Crore in Q3 FY25. The strong improvement in profitability reflects better operational efficiency and cost management during the quarter. Earnings Per Share (EPS) for the quarter increased to ₹82.46, compared with ₹48.08 in the corresponding quarter of the previous year.

Operational Metrics (Q3 FY26 vs Q3 FY25): Operational performance during the quarter showed controlled cost growth alongside higher revenue. Total expenses increased to ₹808.19 Crore, compared with ₹769.05 Crore in Q3 FY25. Cost of raw materials and components consumed stood at ₹106.3 Crore, broadly in line with the ₹85.65 Crore reported in the same quarter last year. Employee benefit expenses rose to ₹16.5 Crore, compared with ₹13.3 Crore a year earlier, while finance costs increased to ₹0.21 Crore from ₹0.17 Crore in Q3 FY25. Despite these increases, the company maintained a healthy Profit Before Tax (PBT) of ₹93.9 Crore, reflecting strong operational performance and improved margins during the quarter.

Strategic Developments: Mohan Meakin Limited is strategically shifting towards premiumization to enhance its operating profit margins (OPM) and appeal to a younger, higher-spending demographic. Historically known for its mass-market, budget-friendly brands like Old Monk rum, the company is diversifying its portfolio by introducing premium brands in the gin, vodka, and whiskey segments.