Navneet Education Limited — Investor Meet, 12-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Navneet Education's Q1 FY26 earnings call reported stable revenue with flat publications (Grade 1 revenue moved to Q2 due to delayed curriculum changes). Domestic stationary de-grew 14% from lower paper prices and volume drop, while exports grew 7%. Management sees strong future growth driven by major curriculum changes in FY27 (targeting 15% publication growth, 2% margin improvement) and new non-paper stationary products. CBSE business aims for 12-15% growth. Challenges include US export tariffs on 75% of exports and previous flat publication growth due to customer shifts. Indiannica reported Rs. 3 Cr revenue and Rs. 7 Cr loss in Q1. FY26 CAPEX is Rs. 90 Cr.