By BullScreen Editorial Team 
Navneet Education reported a mixed set of Q4 results 2026, with revenue posting modest growth while profitability came under pressure due to weaker export performance, higher operating costs, and regulatory challenges.
For the quarter ended March 2026, revenue from operations rose 1.6% year-on-year to ₹394 crore from ₹389 crore in the corresponding period last year. However, EBITDA declined 30.5% to ₹40 crore, resulting in EBITDA margin contracting sharply to 10.2% from 14.4%.
The company’s profit after tax (PAT) for Q4 results 2026 fell 16.6% to ₹25 crore compared with ₹29 crore a year ago, while earnings per share slipped to ₹1.14 from ₹1.32. Profit before tax also dropped 22.1% to ₹29 crore.
The performance was impacted by continued weakness in the export stationery business, where quarterly revenue declined 15.4% to ₹132 crore. The company said tariff-related pressures in the U.S. market forced it to absorb lower realizations to maintain customer relationships. In contrast, domestic stationery revenue grew 17.2% to ₹150 crore, while publications revenue increased 6.7% to ₹111 crore.
For FY26, revenue from operations declined 2.9% to ₹1,683 crore, while PAT dropped 62.9% to ₹296 crore. However, the comparison was affected by large one-time gains recorded in FY25, which had significantly boosted profitability in the previous year.
Despite near-term challenges, management remains optimistic about future growth. The company expects curriculum changes in Maharashtra and Gujarat between FY27 and FY29 to support stronger demand in its publications segment. Navneet is also focusing on expanding manufacturing capacity in Gujarat after putting its planned UAE facility on hold amid geopolitical uncertainties.
The Q4 results 2026 highlight ongoing pressure on exports, but improving domestic demand and upcoming education-sector opportunities could support a gradual earnings recovery in the coming years.