• Financial performance: Q1 recorded high single-digit volume growth and consolidated PAT growth of approximately 29%, driven by market sentiment and a 5% to 5.5% net impact from price hikes.
• Operating margin guidance: The company expects to sustain its 15% to 17% operating margin range, supported by double-digit growth in Q2 and post-monsoon margin recovery in the second half.
• Adjacent categories outlook: Waterproofing and construction chemicals currently account for 11% to 12% of revenue and are projected to contribute 20% to 25% over the next 3 to 5 years due to faster market adoption.
• Price hike pass-through: Decorative price hikes of 9% to 10% taken between April and June have been largely absorbed, with additional industrial price increases initiated in Q2 to support profitability and sustain high single-digit volume growth.