Publishing company Navneet Education announced Q1FY26 results Revenue from Operations: Rs 794 crore compared to Rs 798 crore during Q1FY25. EBITDA: Rs 227 crore compared to Rs 220 crore during Q1FY25. EBITDA Margin: 28.6% for Q1FY26. PBT: Rs 212 crore compared to Rs 207 crore during Q1FY25. PBT Margin: 26.7% for Q1FY26. Gnanesh (Sunil) Gala, Managing Director, said: In Q1FY26, our revenue remained stable and stood at Rs 792 crore vs Rs 794 crore in Q1FY25. Our publication segment grew from Rs 417 crore to Rs 419 crore and stationery business was Rs 372 crore vs Rs 375 crore in Q1FY25. Publication business remained flat due to only few minor changes in the lower grade curriculum. With this, the curriculum change cycle has started and going forward we foresee that the curriculum of the higher grades will start to change gradually, giving the much-anticipated momentum to publication business. Domestic stationery business degrew by 14% in Q1FY26. Drop in paper prices resulted in reduction of product pricing and hence lower realization by around 9% and volume drop of 5% was on account of competition from the unorganized sector who would have procured paper with new reduced rates. Now that paper prices have stabilized, the threat of such competition would reduce. Export stationery segment demonstrated a growth of 7% in Q1FY26 even during the challenging times of exports to the US. New product introduction and newer territories helped Navneet to expand its topline even though new rates were negotiated with the clients after reduction in paper prices. The Company is watching the unpredictable developments closely for its future business strategy. The additional 25% tariff proposed by the US is still not come into effect and will be finally decided by 27th August 2025. Thankfully, the Company has not faced any cancellation of orders, but going forward the trade is maintaining the “Wait and Watch” strategy till the final outcome of Trade negotiations between India and the US. By continuing to innovate and adapt to changing market conditions, we aim to strengthen our presence and achieve significant advancements in our core business of publishing integrated with technology offerings and introduction of new category of products in stationery segment. This will drive sustainable growth and deliver greater stakeholders’ value.” Result PDF