Laxmi Dental earnings calls.

Laxmi Dental delivered Q3 FY26 revenue of ₹66 croresCurrent reported value: ₹66 crores. No comparable prior figure is available in the source record., up 7.1Current reported value: 7.1. No comparable prior figure is available in the source record.% YoY to ₹61.7 crores, but missed expectations amid a challenging macro environment. US tariffs at 50% (up from pre-existing rates) compressed EBITDA margins by ~150 bps on a full-quarter basis, with management acknowledging that without tariff headwinds growth would have been materially stronger. Gross margin held at 69.5% despite scanner sales mix (lower-margin strategic enabler). A one-time exceptional charge of ₹5.8 crores from new labor code compliance dented PAT. International lab grew robustly at 25%Current 25%. Reported change: +25pp YoY. YoY while domestic lab and aligner businesses underperformed due to NRI patient inflow shortfall and competitive pricing. Management flagged January 2026 recovery trends across segments and expects Q4 to be a "strong exit quarter." Forward guidance targets 20-25% international growth and 18-20% EBITDA margins in FY27 assuming normalized tariff environment (now reduced to 25%) and no external surprises. Key risks include tariff re-escalation, aligner pricing pressure, and currency headwinds from dollar appreciation on raw material costs.