Diageo India reports Rs 529 Cr profit in Q3 FY26

Diageo India reported a profit after tax (PAT) of Rs 529 crore in the third quarter of FY26, registering a year-on-year growth of 11.8 percent with a net profit margin of 14.4 percent.

During the quarter, the company’s gross profit rose 12.6 percent, while gross margin expanded to 46.9 percent, reflecting an increase of 219 basis points over the same period last year. The improvement was driven by premiumisation-led mix enhancement, ongoing productivity initiatives and the flow-through of prior-year pricing actions.

For Q3 FY26, EBITDA stood at Rs 618 crore, up 5.1 percent year-on-year, with an EBITDA margin of 16.8 percent, contracting 35 basis points compared to the previous year, largely due to higher advertising and promotion spends during the quarter.

Diageo India recorded Net Sales Value (NSV) at INR 3,683 Cr., up 7.3 percent YoY driven by solid performance in the top-half of the portfolio, partly offset by the adverse policy led impact in Maharashtra and lapping the one-time retail pipeline fill in Andhra Pradesh in prior year comparative. Within the above 7.3 percent growth, P&A segment grew 8.2 percent. NSV for the Popular segment fell 4.6 percent largely driven by the Maharashtra impact.

Commenting on the Q3FY26 performance, Praveen Someshwar, CEO & Managing Director, Diageo India said: “We have delivered a resilient quarter overall while navigating policy headwinds in one of our most salient markets. Strong momentum in Rest of India and at the top-end of our portfolio bodes well. We continue to make robust investments in our trademarks and execution capabilities to sustain the long-term value for all our stakeholders.”