• Gross margin pressure: Gross margins declined by 360 basis points due to revenue mix changes and crude-led inflation, though management expects levels to normalize if cost pressures settle over the next one to two quarters.
• Revenue growth outlook: Following 15% overall revenue growth and 12% like-for-like growth in Q1, the company anticipates maintaining a strong double-digit growth trajectory through FY27.
• New-age portfolio: Strategic investments grew 61% on a like-for-like basis to reach an 18% share of domestic revenue, with management targeting a 25% contribution over the medium to long term and profitability in upcoming quarters.
• Calibrated price hikes: Having already implemented 3% to 4% price increases, the company plans additional calibrated hikes of 2% to 3% over the next one to two quarters.