Mumbai, April 27 -- Revenue from operations (excluding excise duty) surged 18.09% YoY to Rs 6,574.19 crore in the first quarter of 2026.

During the quarter, profit before tax climbed 18.96% to Rs 1,163.19 crore from Rs 977.81 crore recorded in the same quarter last year. Gross margins improved by 62 bps to 55.2% in Q1 CY2026, supported by early stocking of key raw materials despite the inflationary raw material environment.

For Q1 CY26, EBITDA grew 21% to Rs 1,528.93 crore from Rs 1,263.96 crore posted in the corresponding quarter last year. EBITDA margin improved by 55 bps to 23.3% in Q1 CY2026. In India, EBITDA margin rose 112 bps, driven by operational efficiencies, robust volume growth, and improved gross margins.

Consolidated sal...