• Almond Drops outlook: Accounting for roughly 80% of total business, Almond Drops is targeted for double-digit long-term revenue growth driven primarily by volume. In Q1, the brand grew in the high 20s with adjusted volume growth in the teens alongside pricing and product-mix improvements.
• P&L and pricing: The company implemented price hikes in Q1 to protect margins against raw material inflation and is monitoring operations on a fortnightly basis to adjust pricing and costs amid geopolitical volatility.
• Project Aarohan progress: Project Aarohan markets are delivering a growth delta of 3% to 4% over non-Aarohan markets due to increased direct outlet reach. The initiative is being expanded across four markets this year to cover most of the country.
• Growth portfolio targets: Management aims to double the volumes of its non-Almond Drops growth portfolio over three to four years by around FY29 compared to FY26 levels, requiring sustained growth in the high 20s.