Mumbai, Nov. 13 -- Operating EBITDA increased 30% year on year to Rs 127 crore from Rs 98 crore. However, the operating EBITDA margin declined to 4.8% from 5.9% a year earlier. Margins were impacted due to commodity inflation, foreign currency fluctuation, minimum wage revision and Sri City new plant cost which is under ramp-up phase.

The company reported an adjusted net loss of Rs 57 crore, compared with Rs 32 crore in Q2 FY26. Pre-tax loss was at Rs 87 crore compared with a loss of Rs 48 crore.

Gross profit increased 46% year on year to Rs 494 crore from Rs 338 crore. However, gross profit margin declined to 18.8% from 20.5%.

Total expenses increased 61.4% year on year to Rs 2,500 crore. Raw material consumption rose 63% to Rs 2,134 ...