• Segment performance: First-quarter revenue rose about 35% and profit after tax grew roughly 12%, driven by a 38% increase in room air conditioner sales and a 67% growth in washing machines.
• Cost inflation: Raw material and foreign exchange cost increases are passed through to clients with a negotiation lag, while the company actively works on value engineering and bill-of-materials optimization.
• Inventory position: Inventory currently stands at approximately ₹1,200 crore and is expected to normalize over the next one to two quarters despite supply chain volatility and upcoming Quality Control Order challenges.
• Working capital cycle: Working capital is currently at 65 to 70 days and is targeted to remain in the same range going forward.