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

09 March 2026

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: During the quarter, the company recorded an exceptional expense of ₹38.51 lakh related to employee benefit expenses (past service costs). This charge arises from the implementation of four new Labour Codes notified by the Government of India on November 21, 2025, which affect the calculation of gratuity and other employee benefit obligations. The management has stated that this amount represents the estimated incremental impact based on currently available information. The company continues to monitor further clarifications and state-level rules related to the new labour codes and will adjust accounting treatments accordingly as more guidance becomes available.  In terms of operations, Mohan Meakin continues to operate through two primary segments alcoholic beverages and non-alcoholic products, with alcoholic beverages remaining the dominant contributor to revenue.