v3.26.1
Income taxes (Tables)
 12 Months Ended
Mar. 31, 2026
Disclosure of income tax [Abstract]  
Disclosure of income tax [Table Text Block]
 
a.
Income tax expense/(benefit) recognized in the consolidated income statement consists of the following:
 
 
For the Year Ended March 31,
 
 
 
2026
 
 
2025
 
 
2024
 
Current taxes
 
 
 
 
 
 
 
 
 
 
 
 
Domestic
 
Rs.
9,599
 
 
Rs.
17,909
 
 
Rs.
13,874
 
Foreign
 
 
4,347
 
 
 
4,672
 
 
 
5,584
 
 
 
Rs.
13,946
 
 
Rs.
22,581
 
 
Rs.
19,458
 
Deferred taxes
 
 
       
Domestic
 
Rs.
945
 
 
Rs.
(1,074
)
 
Rs.
968
 
Foreign
 
 
(2,540
)
 
 
(1,968
)
 
 
(4,240
)
 
 
Rs.
(1,595
)
 
Rs.
(3,042
)
 
Rs.
(3,272
)
Tax expense, net
 
Rs.
12,351
 
 
Rs.
19,539
 
 
Rs.
16,186
 
Current And Deferred Tax Relating To Items Charged Or Credited Directly To Other Comprehensive Income Loss Current and deferred tax relating to items charged or credited directly to equity [Table Text Block]
b.
Income tax expense/(benefit) recognized directly in other comprehensive (loss)/ income
 
Income tax expense/(benefit) recognized directly in other comprehensive (loss)/income consists of the following:
 
 
 
For the Year Ended March 31,
 
 
2026
 
 
2025
 
 
2024
 
Tax effect on changes in fair value of other investments
 
Rs.
-
 
 
Rs.
-
 
 
Rs.
-
 
Tax effect on effective portion of change in fair value of cash flow hedges
 
 
(428
)
 
 
58
 
 
 
(117
)
Tax effect on foreign currency translation differences
 
 
-
 
 
 
-
 
 
 
-
 
Tax effect on actuarial gains/losses on defined benefit obligations
 
 
45
 
 
 
(24
)
 
 
(4
)
 
 
Rs.
(383
)
 
Rs.
34
 
 
Rs.
(121
)
Reconciliation Between Enacted and Effective Tax Rates [Table Text Block]
The following is a reconciliation of the Company’s effective tax rates for the years ended March 31, 2026, 2026 and 2025:
 
 
 
For the Year Ended March 31,
 
 
2026
 
 
2025
 
 
2024
 
Profit before income taxes
 
Rs.
54,817
 
 
Rs.
76,784
 
 
Rs.
71,870
 
Enacted tax rate in India
 
 
25.17
%
 
 
25.17
%
 
 
25.17
%
Computed expected tax expense
 
Rs.
13,797
 
 
Rs.
19,327
 
 
Rs.
18,090
 
Effect of:
 
 
 
 
 
 
 
 
 
 
 
 
Differences between Indian and foreign tax rates
 
Rs.
(577
)
 
Rs.
(241
)
 
Rs.
(749
)
Unrecognized deferred tax assets/(recognition of previously unrecognized deferred tax assets, net)
 
 
(267
)
 
 
2
 
 
 
(817
)
Expenses not deductible for tax purposes
 
 
921
 
 
 
860
 
 
 
612
 
Income exempt from income taxes
 
 
(199
)
 
 
(483
)
 
 
 
(39
)

Foreign exchange differences
 
 
(424
)
 
 
(124
)
 
 
(89
)

Reversal of deferred tax asset on Indexation of land
 


-



473



-

Income from sale of capital assets
 
 
(53
)
 
 
(242
)
 
 
(48
)
Others
 
 
(847
)
 
 
(33
)
 
 
(774
)
Income tax expense
 
Rs.
12,351
 
 
Rs.
19,539
 
 
Rs.
16,186
 
Effective tax rate
 
 
23
%
 
 
25
%
 
 
23
%
Disclosure of Unrecognised Deferred Tax Assets and Liabilities [Table Text Block]
The details of unrecognized deferred tax assets are summarized below:
 
 
 
As of March 31,
 
 
 
2026
 
 
2025
 
Deductible temporary differences, net
 
Rs.
328
 
 
Rs.
235
 
Operating tax loss carry-forward
 
 
1,457
 
 
 
1,587
 
 
 
Rs.
1,785
 
 
Rs.
1,822
 
Disclosure of Tax Effects of Significant Temporary Differences That Resulted In Deferred Tax [Table Text Block]
The tax effects of significant temporary differences that resulted in deferred tax assets and liabilities and a description of the items that created these differences is given below:
 
 
 
As of March 31,
 
 
As of March 31,
 
 
 
2026
 
 
2025
 
Deferred tax assets/(liabilities):
 
Asset
 
 
Liability
 
 
Asset
 
 
Liability
 
Inventories
 
Rs.
6,674
 
 
Rs.
(44
)
 
Rs.
4,650
 
 
Rs.
(24
)
Trade and other receivables
 
 
9,637
 
 
 
-
 
 
 
8,390
 
 
 
-
 
Operating/other tax loss carry-forward
 
 
3,191
 
 
 
-
 
 
 
2,844
 
 
 
-
 
Other current assets and other current liabilities, net
 
 
912
 
 
 
(79
)
 
 
733
 
 
 
(192
)
Lease liabilities
 
 
3,518
 
 
 
-
 
 
 
1,205
 
 
 
-
 
Property, plant and equipment
 
 
-
 
 
 
(6,090
)
 
 
-
 
 
 
(5,067
)
Right of use asset
 
 
-
 
 
 
(3,117
)
 
 
-
 
 
 
(1,102
)
Other intangible assets
 
 
1,098
 
 
 
(9,173
)
 
 
1,533
 
 
 
(8,583
)
Others
 
 
1,564
 
 
 
(1,223
)
 
 
878
 
 
 
(865
)
Tax assets/(liabilities)
 
 
26,594
 
 
 
(19,726
)
 
 
20,233
 
 
 
(15,833
)
Set-off of taxes
 
 
(4,158
)
 
 
4,158
 
 
 
(1,725
)
 
 
1,725
 
Net tax assets/(liabilities)
 
 
22,436
 
 
 
(15,568
)
 
 
18,508
 
 
 
(14,108
)
Disclosure Of Movement in deferred tax assets and liabilities [Table Text Block]
 
 
As of March
31, 2025
 
 
Recognized in
income statement
 
 
Recognized in
OCI
 
 
As of March
31, 2026
 
Deferred tax assets/(liabilities):
 
 
 
 
 
 
 
 
 
 
 
 
Inventories
 
Rs.
4,626
 
 
Rs.
2,004
 
 
 
-
 
 
Rs.
6,630
 
Trade and other receivables
 
 
8,390
 
 
 
1,247
 
 
 
-
 
 
 
9,637
 
Operating/other tax loss carry-forward
 
 
2,844
 
 
 
347
 
 
 
-
 
 
 
3,191
 
Other current assets and other current liabilities, net
 
 
541
 
 
 
292
 
 
 
-
 
 
 
833
 
Lease liabilities
 
 
1,205
 
 
 
2,313
 
 
 
-
 
 
 
3,518
 
Right of use asset
 
 
(1,102
)
 
 
(2,015
)
 
 
-
 
 
 
(3,117
)
Property, plant and equipment
 
 
(5,067
)
 
 
(1,023
)
 
 
-
 
 
 
(6,090
)
Other intangible assets
 
 
(7,050
)
 
 
(1,025
)
 
 
-
 
 
 
(8,075
)
Others
 
 
13
 
 
 
(55
)
 
 
383
 
 
 
341
 
Net deferred tax assets
 
Rs.
4,400
 
 
Rs.
2,085
 
 
Rs.
383
 
 
Rs.
6,868
 
 
The details of movement in deferred tax assets and liabilities are summarized below:
 
 
 
As of March
31, 2024
 
 
Recognized
in income
statement
 
 
Recognized
in OCI
 
 
Recognized
on business
combination
 
 
As of March
31, 2025
 
Deferred tax assets/(liabilities):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Inventories
 
Rs.
4,372
 
 
Rs.
254
 
 
 
-
 
 
 
-
 
 
Rs.
4,626
 
Trade and other receivables
 
 
5,815
 
 
 
2,575
 
 
 
-
 
 
 
-
 
 
 
8,390
 
Operating/other tax loss carry-forward
 
 
2,398
 
 
 
446
 
 
 
-
 
 
 
-
 
 
 
2,844
 
Other current assets and other current liabilities, net
 
 
645
 
 
 
(104
)
 
 
-
 
 
 
-
 
 
 
541
 
Lease liabilities
 
 
854
 
 
 
351
 
 
 
-
 
 
 
-
 
 
 
1,205
 
Right of use asset
 
 
(750
)
 
 
(352
)
 
 
-
 
 
 
-
 
 
 
(1,102
)
Property, plant and equipment
 
 
(3,621
)
 
 
(1,446
)
 
 
-
 
 
 
-
 
 
 
(5,067
)
Other intangible assets
 
 
102
 
 
 
1,331
 
 
 
-
 
 
 
(8,483
)
 
 
(7,050
)
Others
 
 
50
 
 
 
(3
)
 
 
(34
)
 
 
-
 
 
 
13
 
Net deferred tax assets
 
Rs.
9,865
 
 
Rs.
3,052
 
 
Rs.
(34
)
 
 
(8,483
)
 
Rs.
4,400
 
 
The amounts recognized in the consolidated income statement for the years ended March 31, 2026 and 2025 include Rs.490 and Rs.10, respectively, which represent exchange differences arising due to foreign currency translations.