• Volume growth guidance: The company posted 20% volume growth, 14% revenue growth, and a 22% increase in operating profit in Q1, and expects to maintain around 15% volume growth going forward.
• Domestic branded business: The B2C branded division recorded 25% volume growth, reaching double-digit market share in select states and modern retail chains, with strong customer reach driven by quick-commerce expansion.
• Debt reduction trajectory: Net debt decreased from a peak of ₹1,950 crore to ₹963 crore, with management expecting a further reduction of ₹100 crore to ₹200 crore by the end of the year using free cash flow.
• Capacity and capex: Plant capacity utilization is currently around 65%, which is sufficient to support business growth for the next 2 to 2.5 years without immediate major capital expenditure.
• Earnings growth outlook: EBITDA is projected to grow at 15% to 20%, while PBT and PAT growth are anticipated to significantly outpace EBITDA growth due to declining interest costs from deleveraging.