ICICI Lombard Q3 FY26 – Revenue Growth Amid Margin Pressure

ICICI Lombard reported steady top-line growth in the December 2025 quarter, driven by consistent premium expansion. However, profitability saw moderation due to higher costs and margin compression. • Sales: ↑ 12% YoY to ₹6,905 crore (vs ₹6,161 crore in Dec 2024) • EBIDT: ↓ 11% YoY to ₹854 crore (vs ₹962 crore) • Net Profit: ↓ 9% YoY to ₹659 crore (vs ₹724 crore) • EPS: ↓ 10% YoY to ₹13.23 (vs ₹14.63) At a price of ₹1,886, market cap ₹93,909 crore, and PE 34.3, ICICI Lombard continues to demonstrate strong business scale and premium growth. While near-term margins are under pressure, the company’s dominant market position and underwriting strength keep its long-term growth narrative intact.