Overview
- Edible oil segment drove a 26% increase to Rs 13,415 crore, accounting for nearly 79% of Q1 revenue.
- Direct retail reach grew 18% to 870,000 outlets, extending coverage to around 55,000 rural towns.
- Overall volumes slipped 5% year-on-year, with rice operations consolidation as the principal drag and core categories posting healthy gains.
- Food and FMCG businesses achieved a record PBT of Rs 75 crore with a 5.3% margin.
- Higher raw material costs and consolidation of rice operations contributed to the 24.5% drop in net profit to Rs 236 crore.