The year began on a strong note, delivering yet another market leading performance achieving double-digit volume growth of 11% during the quarter, clearly over 3x the industry growth rate. This underscores the strength of our brand and continued trust of our consumers. This all-round performance was driven by gains across segments, with Motor Cycle Oil (MCO) category in B2C segment leading the way with strong double- digit growth.

We are quite excited to see our consolidated revenue crossing Rs 1,000 Crores as we concluded the quarter with highest-ever Volume, Revenue, and EBITDA, driven by strong strategic execution resulting in profitable, volume-led growth. With double-digit topline growth and notable improvement in gross margin, operating profit for the quarter stood at Rs 126.58 Crores, growth of 8.9% over the same period last year with slight impact in EBITDA margin at 12.7% while remaining within the guided band of 12-14% in the volatile macro environment as we also continue to invest in brand and other long-term initiatives.