# Novartis India reported its audited financial results for the quarter and financial year ended March 31, 2026.

*business · news · 2026-05-12 · scanx.trade*

## Key points

- Novartis AG will sell its 70.68% stake in Novartis India to a new consortium.
- Novartis India's Board recommended no dividend for FY26, down from ₹25 per share in FY25.
- One customer contributed ₹1,461.7 million in FY26, over 10% of traded goods revenue.
- Employee benefit expenses increased by ₹7.9 million due to India's new Labour Codes implementation.

**Companies:** Novartis AG, Novartis India Limited
**Countries:** India

[Read the full story on scanx.trade](https://scanx.trade/stock-market-news/companies/novartis-india-reports-fy26-audited-results-net-profit-at-931-8-million-nil-dividend-recommended/40124311)

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