Jubilant FoodWorks (JFL) reported a 13.4% revenue jump for Q3 FY26, adding 114 new stores to its network. IRB Infrastructure Developers saw toll revenue climb 12% year-on-year to ₹754 crore in December. Gland Pharma secured USFDA approval for an ophthalmic solution, while ACS Tech landed a defence systems contract. Panacea Biotech completed clinical trial participant enrolment, and NCL Industries posted steady cement growth.
Corporate Updates Drive Market Focus
Several Indian companies are under the spotlight following their latest performance updates and regulatory milestones. Jubilant FoodWorks (JFL), operator of Domino's Pizza and Dunkin' Donuts in India, posted a significant 13.4% increase in consolidated revenue from operations, reaching ₹2,438.7 crore for the third quarter ended December 31, 2025. Standalone revenue from India operations grew 11.8% year-on-year to ₹1,801.5 crore. The company also expanded its footprint, adding 114 stores during the quarter, bringing its total network to 3,594.
IRB Infrastructure Developers (IRB) reported a robust 12% year-on-year rise in toll revenue for December 2025, amounting to ₹754 crore. This growth reflects improved traffic volumes and effective toll collection mechanisms across its managed toll roads, including contributions from its InvIT entities.
Pharma Sector Activity
In the pharmaceutical space, Gland Pharma received approval from the United States Food and Drug Administration (USFDA) for its Olopatadine Hydrochloride Ophthalmic Solution USP, 0.7%. This approval for the over-the-counter product marks another step in Gland Pharma's expansion in the U.S. market. Meanwhile, Panacea Biotec announced the completion of study participant enrolment for its DengiAll® Phase-III clinical trial, involving 10,335 participants, who will be monitored for two years.
Industrial and Infrastructure Gains
NCL Industries Ltd. demonstrated resilience in its core cement operations, recording a 5% year-on-year increase in both production and dispatches for the third quarter ended December 31, 2025. Cement production stood at 6,94,854 metric tons, with dispatches at 6,93,229 metric tons. For the nine-month period, production rose 3% and dispatches by 2%.
ACS Technologies (India) Ltd. secured a significant work order valued at ₹3,62,39,341 from Mahindra Defence Systems Ltd. This contract involves the supply, installation, testing, commissioning, and integration of security and communication systems. Beezaasan also received a long-term Quarry Lease Work Order from the Department of Mines & Geology, Andhra Pradesh, for coloured quartzite extraction over 21.012 hectares for 30 years.
Midwest provided a positive Q3 FY26 performance update, highlighting resilience in its core businesses, particularly in unsecured lending, while adopting a cautious disbursement strategy amidst evolving market dynamics. The company also noted the inking of new partnerships.
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