Navneet Education's Q4 FY26 revenue held steady at Rs. 394 Cr.

Full-year FY26 revenue saw a slight dip of 2.89% to Rs. 1,683 Cr.

Publication business grew 7% in Q4 and 0.6% for the full year.

Domestic Stationery surged 17% in Q4 and 4% for FY26. However, Export Stationery faced headwinds, declining 15% in Q4 and 10% for the year due to US tariff challenges.

Standalone Q4 PAT was Rs. 25 Cr (-16.6%). Full-year FY26 PAT significantly decreased to Rs. 296 Cr (-62.9%), largely impacted by exceptional items like investment impairment.

FY26 EPS stood at 13.45. Strategically, the company is boosting domestic penetration with new products and investing in branding.

A new manufacturing facility in Gujarat will cater to future product demand, replacing a paused UAE project due to geopolitical tensions.

Management expects Publication business to see strong double-digit growth from FY27-29 driven by curriculum changes in Maharashtra and Gujarat.

Export Stationery is forecast to recover from FY27 as tariff clarity improves.

Domestic Stationery margins may remain under pressure short-term due to competition and strategic investments.