Mumbai, Aug. 4 -- Consolidated revenue for the quarter stood at Rs 9,216 crore, up 2% from Rs 9,067 crore a year ago. The topline was supported by improved pricing and favourable forex. The company saw robust growth in India (+21%) supported by North America and Europe (+8% each), offset by Latin America and Rest of World (-10% each).

Contribution margin jumped by 390 basis points to 43.4%, while EBITDA grew 14% to Rs 1,303 crore. This pushed the EBITDA margin up by 150 basis points to 14.1%, buoyed by a better product mix, higher capacity utilisation, and lower input costs.

Despite continued losses, profitability showed strong signs of recovery. Reported PATMI (Profit After Tax and Minority Interest) narrowed to Rs 88 crore in Q1FY26, ...