• Revenue growth target: The company is maintaining its double-digit revenue growth target through a balanced mix of volume and price increases, aiming to protect volume market share via rural expansion, premiumization, and modern trade channels.
• Margins and premiumization: Premium products are growing at 2x and exceed 20% of sales, driving 200 to 300 bps of margin expansion and helping operating profit growth outpace top-line growth alongside price increases to offset inflation.
• Rural demand trends: Rural growth is outpacing urban growth by 550 basis points internally and 170 basis points in Nielsen data, supported by increased MSPs, low unit price packs, and expansion potential beyond the current reach of 1.3 lakh villages.
• International business performance: International operations, making up about 30% of the top line, grew 15.5% in the current quarter, driven by strong double-digit gains in Sub-Saharan Africa, Turkey, Egypt, and the Americas despite geopolitical headwinds in the Middle East.