Mumbai, April 30 -- Revenue from operations (excluding excise duty) surged 28.94% YoY to Rs 5,566.93 crore in the first quarter of 2025.

During the quarter, profit before tax climbed 36.61% to Rs 977.81 crore from Rs 715.75 crore recorded in the same quarter last year. Gross margins stood at 54.6%, a decline of 171 basis points as compared to Q1 CY2024

For Q1 CY25, EBITDA grew 27.8% to Rs 1,263.96 crore from Rs 988.76 crore posted in the corresponding quarter last year. The EBITDA margin marginally declined at the consolidated level by 20 bps because of the lower profitability in the South African market (14.4%) and its higher mix in Q1 CY2025.

Consolidated sales volume rose 30% to 312.4 million cases in Q1 CY25 from 240.2 million case...