Mumbai, Aug. 1 -- The company's standalone profit after tax declined 10.8% YoY and 6.6% QoQ to Rs 3,352.10 crore in Q1 FY27.

Net sales increased 36.4% YoY but declined 0.2% QoQ to Rs 49,959.10 crore in the quarter ended 30 June 2026.

Profit before tax stood at Rs 4,341.30 crore in Q1 FY27, down 11.5% YoY and 10.2% QoQ.

Operating EBITDA declined 6.7% YoY and 30.0% QoQ to Rs 4,311.10 crore, while the operating EBITDA margin contracted to 8.6% from 12.6% in Q1 FY26. Operating EBIT fell 17.4% YoY and 42.6% QoQ to Rs 2,531.10 crore.

On the cost front, material cost increased to 80.5% of net sales from 74.5% a year ago, a rise of 600 basis points, reflecting adverse commodity prices amid the West Asia conflict. Employee cost declined to 4.9...