• Domestic volume growth: Standalone top-line revenue increased by 8%, supported by a 15% volume-led growth in the domestic business. While general trade was subdued to clear existing inventories, alternate channels grew by more than 100% as channel inventories normalized.
• US sales performance: The US business registered 35% year-over-year revenue growth driven by heatwaves, which led to a complete stock-out alongside strong margins.
• Export market headwinds: Shipments to the Middle East were disrupted by geopolitical and shipping constraints, while operations in Mexico saw a year-over-year decline due to a subdued summer.
• European market strategy: Management has initiated strategies and operational steps to enter and capture market share across Europe following recent heatwaves.