• Q1 financial performance: Total income grew around 18% to approximately ₹4,226 crore and PAT rose 11.5% to about ₹505 crore, with margins slightly declining to 19% as volatile commodity cost increases were not fully passed on.
• Annual growth guidance: After beating initial targets in Q1 with roughly 19% revenue growth and close to 14% EBITDA growth, management expects to exceed its full-year guidance of double-digit top-line and bottom-line growth.
• Pricing and costs: The company is taking a balanced approach through cost optimization, improved product mix, and selective price hikes, noting that most price increases have already been implemented.
• Rural demand outlook: Demand across rural and urban markets remains broadly stable, with increased government spending expected to offset potential agricultural volatility from El Niño.
• International business growth: The international division across Africa, the Middle East, and the US delivered stellar performance, achieving close to 150% top-line growth and nearly 140% bottom-line growth.