Total expenses rose 9.53% to Rs 495.28 crore during the quarter, compared with Rs 452.17 crore recorded in Q3 FY25. Cost of material consumed stood at Rs 290.55 crore (up 12.92% YoY), employee benefit expenses stood at Rs 41.77 crore (up 10.88% YoY) and franchisee fees stood at Rs 68.16 crore (up 1.64% YoY) during the period under review.

Meanwhile, the company’s board declared dividend of Rs 14 per share for FY26. The record date has been set as Friday, 6 February 2026. The dividend will be paid within 30 days of the date of declaration.

Veedol Corporation engaged in the business of manufacturing and marketing of lubricants.