Laxmi Dental Reports Consolidated Financial Results for FY26, Noting 21.9% YoY Revenue Growth in Q4
Laxmi Dental Limited, a leading integrated dental products company, announced its audited financial results for the quarter and full year ended March 31, 2026. The company reported robust growth figures, particularly noting a 21.9% year-over-year (YoY) increase in revenues for the fourth quarter (Q4FY26).The company’s performance report highlighted both the overall strong revenue trajectory and the positive impact of various operational efforts, despite facing a challenging macroeconomic environment and geopolitical challenges during the fiscal year.
Consolidated Financial Results Highlights
The audited results for the quarter and full year ended March 31, 2026, showed significant year-on-year increases across key metrics.| Consolidated P&L (INR Mn) | Q4FY26 | Q4FY25 | YoY | Q3FY26 | QoQ | FY26 | FY25 | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenues | 739.5 | 606.7 | 21.9% | 660.4 | 12.0% | 2,778.6 | 2,391.1 | 16.2% |
| EBITDA | 135.0 | 95.2 | 41.8% | 69.7 | 93.8% | 434 | 418.7 | 3.6% |
| EBITDA Margin | 18.3% | 15.7% | 10.5% | 15.6% | 17.5% | |||
| Profit before Tax and Exceptional Items | 111.4 | 56.0 | 98.8% | 45.5 | 144.6% | 347.0 | 248.0 | 39.9% |
| Exceptional Items | 0.0 | 4.1 | -57.8 | -57.8 | 70.3 | |||
| Profit before Tax | 111.4 | 60.1 | 85.3% | -12.3 | NA | 289.3 | 318.3 | -9.1% |
| PAT after share of profit/loss from JVs | 100.9 | 42.7 | 136.1% | 19.6 | 414.6% | 289.2 | 318.3 | -9.2% |
| PAT Margin | 13.6% | 7.0% | 3.0% | 10.4% | 13.3% | |||
| Adjusted EBITDA | 130.9 | 124.7 | 5.0% | 96.1 | 36.1% | 511.5 | 516.1 | -0.9% |
Note: Revenues do not include revenue from Kids-e-Dental as it is a jointly controlled entity and IDBG AI Dent as it is an associate company.
Quarterly and Full Year Performance Analysis
The company recorded a tax benefit of INR 13 Mn in Q4FY26. This benefit was related to a one-time exceptional item concerning gratuity expense, which had been recognized in Q3FY26 due to changes in the labour code.Key Performance Highlights Observed:
- Q4FY26: The quarter saw the highest-ever revenue, marking 21.9% YoY growth. Gross profit margins stood at 70.5%, indicating a sequential improvement. The core dental business (excluding scanner sales) maintained a steady gross margin of approximately 76.0%.
- FY26 Performance: Revenue grew by 16.2% YoY, demonstrating a healthy margin profile despite operational challenges and a challenging macroeconomic environment. Margins were impacted by multiple one-offs during the year, including a 72 bps US Tariff impact for FY26 and a one-time expense of INR 57.8 Mn related to the change in the labour code.
The performance in FY25 is noted as noncomparable due to the recording of INR 70.3 Mn worth of exceptional item pertaining to gain on property sale.
Management Commentary
Rajesh Khakhar, Chairperson and Whole-Time Director, stated that the company concluded the year with a strong exit quarter, achieving record quarterly numbers across key metrics. He highlighted that Q4FY26 revenue stood at INR 74.0 Cr, achieving 21.9% YoY growth, with EBITDA and PAT Margins recorded at 18.3% and 13.6%, respectively, even considering the higher US tariff impact in the first half of the quarter.On a full-year basis, revenue stood at INR 278 Cr, with an EBITDA margin of 15.6% and a PAT margin of 10.4%. He attributed the performance to continuous efforts in digital expansion and the inherent strength of the core dental operations.
Sameer Merchant, Managing Director and CEO, provided details on the specialized growth across business segments. He reported that the Dental Laboratory business recorded its highest-ever quarterly performance, achieving a robust 27% YoY growth. Furthermore, the Aligner Solutions business delivered healthy results, reporting revenue of INR 18 Cr for the quarter. Within this segment, the clear aligner business (Bizdent) saw a notable recovery, achieving 11% YoY growth.
LAXMIDENTL Stock Price Movement
On Thursday, shares of Laxmi Dental Limited edged higher to close at ₹207.74, marking a gain of 3.19%. The stock traded on a volume of 271,266 shares, extending its upward momentum significantly above the previous close of ₹203.03.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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