Jubilant Agri and Consumer Products Q3 FY26: Revenue up 13% to ₹4,510 Crore, Agri Business Demerger Approved
Jubilant Agri and Consumer Products reported Q3 FY26 consolidated revenue of ₹4,510 Crore, up 13%. Nine-month revenue grew 21% to ₹14,059 Crore. The company approved a demerger of its Agri Division into Jubilant Agri Solutions Limited, with a 1:1 share swap ratio. An investment of ₹50 Crore was approved for expanding Performance Polymers capacity.
The demerger of a significant business division and the capacity expansion are material events that will reshape the company's structure and future growth prospects.
The company reported strong revenue growth across segments, particularly in Adhesives and Agri Products. The approval of the Agri Division demerger and the capex for capacity expansion are positive strategic moves.
Jubilant Agri and Consumer Products Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company reported a consolidated revenue from operations of ₹4,510 Crore for Q3 FY26, a 13% increase compared to ₹3,975 Crore in the same period last year. Consolidated EBITDA grew by 15% to ₹393 Crore. For the nine months ended December 31, 2025, consolidated revenue stood at ₹14,059 Crore, up 21% year-on-year, with EBITDA increasing by 41% to ₹1,665 Crore.
The Adhesives segment demonstrated strong performance with a 17% year-on-year growth in net sales for 9M-FY26, reaching ₹3,716 Crore, driven by increased A&P spending and a wider distribution reach. The Agri Products segment also saw significant growth, with net sales for Q3 FY26 rising by 34% to ₹1,654 Crore and 9M-FY26 sales up by 54% to ₹5,311 Crore, supported by favorable monsoons and expanded product portfolio.
In a significant corporate development, the Board of Directors approved a Scheme of Arrangement for the demerger of the Agri Division into a new entity, Jubilant Agri Solutions Limited. This demerger will be on a going concern basis, with shareholders receiving one share of the resulting company for every share held in Jubilant Agri and Consumer Products Limited. The shares of the resulting company are expected to be listed on BSE and NSE, and the draft scheme has been filed with SEBI and stock exchanges for approval.
Additionally, the company approved an investment of approximately ₹50 Crore for the expansion of its Performance Polymers (WWA and SBR Latex) manufacturing capacity at its Samlya, Vadodara site. This expansion, expected within 12 months, aims to cater to increased demand and will be financed through internal accruals.
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Jubilant Agri and Consumer Products Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Jubilant Agri and Consumer Products Limited. Read the original for the full detail.