Consolidated revenue rose 15.5% year-on-year to ₹7,233 crore in Q1FY27, while Ebitda (earnings before interest, taxes, depreciation and amortization) jumped 26.2% to ₹904 crore, with margins expanding 106 basis points (bps), helped by slower growth in staff costs and other expenses. To some extent, the headline growth benefited from a favourable base. Profit had declined year-on-year in every quarter of FY26, as margins were weighed down by commodity inflation, currency headwinds, geopolitical challenges and higher festive spending to gain market share amid weak summer-led demand.
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