• Quarterly performance drivers: Volume growth reached an eight-quarter high of 11.8% and profit hit a ten-quarter high, driven by sequential demand recovery and pre-buying in March ahead of April price hikes.
• EBITDA margin outlook: Management expects to maintain EBITDA margins above 16% in FY27 if raw material costs stabilize, as higher value sales growth will offset an anticipated 1–1.5% gross margin decline.
• Future growth targets: The company projects double-digit value growth and mid-to-high single-digit volume growth, citing continued uncertainty and inflation in the operating environment.
• Crude price impact: Crude-linked inputs account for roughly 40% of total raw material costs, and existing price increases have fully factored in current input costs, requiring no further price hikes unless crude surpasses $100–$110 per barrel.