Vedanta Group Reports Record FY26 Earnings, Chairman Outlines Vision for Future Growth

Vedanta Group Delivers Record Financial Performance, Enters Restructuring Phase

In a letter to shareholders, Vedanta Group Chairman Anil Agarwal outlined the company's record financial performance for the fiscal year 2026, with a highest-ever profit after tax of ₹25,096 crore on revenue of ₹1,74,075 crore. This achievement marks a significant milestone in the company's history, with Vedanta strengthening its balance sheet and positioning itself for greater financial flexibility.

Vedanta's net debt-to-EBITDA ratio improved to 0.95x, a notable improvement that underscores the company's financial health. Total shareholder return stood at about 50 per cent, outperforming sector benchmarks, while the company paid a dividend of ₹34 per share. These figures demonstrate Vedanta's commitment to delivering value to its shareholders.

Demerger Plans

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The company is set to undergo a major restructuring through a planned demerger, effective May 1. This move will split Vedanta into multiple sector-focused entities, each with independent growth strategies and capital allocation. The demerger is designed to create "globally competitive" businesses with clearer strategic focus and scalability.

The demerger marks a structural shift aimed at creating independent, sector-focused businesses. Each entity will have sharper strategic clarity and distinct growth pathways, positioning Vedanta for long-term success.

Future Growth Plans

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Post the demerger, Vedanta Aluminium aims to double capacity to 6 million tonnes per year, targeting cost leadership and growth tied to global demand in infrastructure and manufacturing. Vedanta Oil & Gas plans to scale production to 300,000-500,000 barrels per day with a USD 5-billion investment programme. Vedanta Power is targeting rapid expansion from 4.2 GW currently to a 12 GW pipeline, while also exploring hydropower and nuclear energy.

Vedanta Iron & Steel plans to increase capacity from 4 million tonnes to 10 million tonnes, with further expansion potential supported by captive raw material resources. The parent entity will retain stakes in key assets, including Hindustan Zinc Limited, along with international zinc operations, copper, nickel, and ferro alloys businesses.

Investment and Growth

During the year, Vedanta invested approximately ₹15,000 crore in growth capital expenditure across aluminium, zinc, oil and gas, and emerging businesses. This strategic investment will drive growth and support the company's future ambitions.

Future Strategy

According to Agarwal, Vedanta's strategy is clear: to build a structurally strong Vedanta Group for tomorrow. The company will focus on scale, cost leadership, and disciplined capital allocation while leveraging technology and AI to drive growth and innovation.