Mumbai, Aug. 6 -- Profit before tax (PBT) rose 2.92% year on year to Rs 701.02 crore in Q1 FY26.

Total expenses increased 10.38% to Rs 3,973.36 crore in Q1 FY26, compared with Rs 3,599.51 crore in Q1 FY25. The cost of material consumed stood at Rs 2,550.87 crore (up 15.32% YoY), employee benefit expenses was at Rs 241.86 crore (up 19.76% YoY) and finance cost stood at 26.15 crore (down 9.76%YoY) during the period under review.

Varun Berry, Executive Vice-Chairman, Managing Director & CEO, said: "Our performance this quarter reflects the strength of our focused execution strategy. We concentrated on maximizing value from existing outlets, improving agility in servicing key stores, and driving operational efficiencies across our extensive...