Mumbai, May 23 -- Gross profit climbed 14% to Rs 377 crore, lifting the gross margin slightly to 70.7% (from 70.0%), thanks to a better product mix and operational efficiency. However, EBITDA slipped 18.2% to Rs 27 crore, with the margin contracting to 5.1% from 7.0%.

Advertising remained a key lever, with ad spends rising 15% to Rs 184 crore, now forming 34.4% of revenue.

On the bottom line, Profit Before Tax (PBT) came in at Rs 32 crore, down 18% YoY, as margins narrowed to 6.0% from 8.3%. Net profit (PAT) dropped 17% YoY to Rs 25 crore, and the PAT margin shrunk to 4.7% from 6.5%.

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