• Import duty cuts: Effective import duties have been reduced from 16.5% to 11% on soya and palm oil and to 5.5% on sunflower oil, which is expected to cool edible oil prices as benefits are passed to consumers.
• Company EBITDA guidance: The company remains confident in achieving its company-level EBITDA target of ₹2,600–2,700 and expects demand to revive over the festive season.
• Inventory and demand: Sluggish buyer demand ahead of the duty cut left September sales flattish and pushed inventory temporarily to 40 days, though levels are expected to normalize to 30–35 days in October.
• Food business momentum: The food and FMCG segment continues to record 28% volume growth across staples, holding the number two market share in wheat flour, number three in rice, and number one in besan.