Orkla India earnings calls.

Orkla India delivered a steady Q3 FY26 with 636 crore revenueCurrent reported value: 636 crore revenue. No comparable prior figure is available in the source record. (up 3.4Current reported value: 3.4. No comparable prior figure is available in the source record.% YoY) and 102 crore EBITDACurrent reported value: 102 crore EBITDA. No comparable prior figure is available in the source record. (up 17.7% YoY) driven by 5.4% volume growthCurrent reported value: 5.4% volume growth. No comparable prior figure is available in the source record. and operational efficiencies. Spices volumes surged 10.1%Current 10.1%. Reported change: +400bps YoY. YoY but revenue grew only 3.1% due to ~7% price realization decline from two years of spice deflation. EBITDA margin expanded 100bps YoY to 16.1%Current reported value: 100bps YoY to 16.1%. No comparable prior figure is available in the source record. on lower ad spends and cost controls, though PAT grew a muted 3.8Current reported value: 3.8. No comparable prior figure is available in the source record.% due to lower other income from FY25 dividend payout. Sequential volume declined 4% from Q2 due to festive season shift and GST transition impact on sweets. Management flagged that chili crop acreage reductionCurrent reported value: chili crop acreage reduction. No comparable prior figure is available in the source record. from farmer migration to profitable crops signals inflationary trends ahead, with price benefits expected from Q4 FY26 onwards. Digital commerce now contributes 9.5% of salesCurrent reported value: 9.5% of sales. No comparable prior figure is available in the source record., growing 43.4%Current 43.4%. Reported change: +43.4pp YoY.. International business (21% of revenue) delivered 8.7%Current 8.7%. Reported change: +8.7pp YoY. growth with GCC growing 16.4%. Risks include persistent deflation headwinds, US market destocking, and concentration in core South Indian markets.