Relaxo’s standalone Q1 profit dropped 13% YoY, but EBITDA margin rose to 15.2% amid muted demand and rising competition.

• Standalone revenue fell 5.84% YoY; consolidated net profit rose 10.20% despite total income dropping 12.52% in Q1 FY26.
• EBITDA margin improved 198 bps YoY due to cost control and backend efficiency despite flat EBITDA at Rs 99 crore.
• Company remains focused on long-term growth, expanding distribution, and resisting deep discounting amid GST-driven market pressures.