Navneet Education Limited — Investor Meet, 22-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Navneet Education reported FY25 revenue growth of about 2.5%, led by a 3% rise in Publications and a 13% domestic volume drop in Stationery, partly offset by 12% export growth despite US tariff uncertainties. Management expects FY26 growth driven by curriculum changes, export expansion with new products, and digital content integration. Publishing EBITDA margins should improve 150-200 bps; Stationery margins steady at 12-13%. Volume growth of ~12% and PAT growth near 10% are projected. Annual capex is guided around 100 Cr, focusing on Stationery. Innovation and AI tools are key focus areas.