Mumbai: Laxmi Dental Q3 FY26 results show that Laxmi Dental Limited, an integrated dental products company, reported revenue of ₹660.4 million for the quarter ended December 31, 2025, compared to ₹616.6 million in the corresponding quarter last year, reflecting 7.1% year-on-year growth.
The company announced its unaudited financial results for the Laxmi Dental Q3 FY26 quarter and nine months ended December 31, 2025.
- Gross profit stood at ₹459.2 million in Q3 FY26 compared to ₹455.7 million in the same period last year.
- Kids-E-Dental revenue stood at ₹59 million, with the company expecting healthy growth beginning next year.
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Laxmi Dental Q3 FY26 Financial and Business Highlights
- Revenue grew 7.1% YoY despite global macroeconomic and geopolitical uncertainties.
- Gross profit margin stood at 69.5%, showing minor sequential improvement due to a relatively lower contribution from scanner sales, which typically carry lower margins.
- Scanner sales continue to remain strategic enablers for future growth in the Dental Lab and Aligner businesses.
- Laboratory and Aligner businesses maintained steady gross profit margins.
- The quarter reflected a full-quarter impact of approximately 150 basis points due to higher US tariffs.
- The company recorded an incremental exceptional item of ₹5.8 crore due to provisions linked to the New Labour Codes.
- ESOP expenses, which are non-cash in nature, stood at ₹16.14 million in Q3 FY26 and are expected to reach ₹61.3 million for FY26.
- The company recorded a deferred tax credit of ₹32.2 million following consistent profitability in its US subsidiary.
- In Q1 FY25, an exceptional gain of ₹66.2 million from a property sale created a higher, non-comparable base for the 9M FY25 period.
Laxmi Dental Q3 FY26: Performance Despite Geopolitical Challenges
Commenting on the performance, Rajesh Khakhar, Chairperson and Whole-Time Director, Laxmi Dental Limited said: “In Laxmi Dental Q3 FY26, the company delivered revenues of ₹660 Mn as against ₹61.7 cr in same period last year, recording a YoY growth of 7%. The performance is despite global macroeconomic and geopolitical challenges, underscoring the strength and resilience of our diversified portfolio.
Gross profit margins witnessed minor improvement sequentially due to steady profitability in the laboratory and aligner business alongside a relatively lower contribution of scanner sales, which are low margin in nature. Scanner sales hold strategic importance for future growth across segments.
During Q3, we had a full quarter impact of 150 bps on account of higher US tariffs. Additionally, we recorded a one-time exceptional provision of ₹58 Mn towards gratuity past service liability under the new labour code.
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Laxmi Dental Q3 FY26: Well Positioned to Deliver Industry-Leading Growth
With US tariff normalization, positive development of EU FTA, multiple ongoing strategic initiatives, and consolidation in the domestic dental market, Laxmi Dental is well positioned to deliver resilient, industry-leading growth along with improved profitability going ahead.”
Sameer Merchant, Managing Director and CEO, said: “For Laxmi Dental Q3 FY26, our Dental lab business recorded a decent YoY growth of 10.4%, with international business delivering robust 25.5% YoY growth, while the domestic lab remained soft. Towards this, we have implemented innovative strategies in the quarter, and that has started showing positive results in the month of January 2026.
Within the Aligner Solutions business, the competitive pricing pressures on Bizdent is getting normalized in the running quarter, Q4FY26, and we anticipate the situation to remain positive for the entire quarter.
With the new strategic initiatives, we are seeing a strong recovery in our domestic dental lab and Bizdent businesses, and we expect both these segments to deliver robust YoY performance in Q4FY26.
On the back of these positive trends, we expect to close FY26 with a healthy exit quarter and begin FY27 on a stronger footing. Over long-term, we remain committed towards promoting digital dentistry and spearheading this revolution for the entire dental industry in India on the back of our scanner solutions.”
