FY26 has been an operational improved year for MCPL as we strengthened our positioning as a digitally-enabled premium B2C ceramic and interior surface solutions brand. During the year, consolidated revenue grew 23.4% to ₹202.99 Cr, while PAT increased 10.1% to ₹12.01 Cr, driven by retail expansion, premium product diversification, export market penetration and technology-led customer engagement initiatives. During FY26, we expanded our domestic and international presence through the launch of the Dubai Display Centre, strengthening export operations across Africa, GCC, UK and U.S. markets, while further scaling our premium retail ecosystem. We also accelerated digital transformation through AI-powered MCPL Studio, CRM integration and automated customer engagement systems, improving customer conversion efficiency and building a scalable omnichannel platform. Operationally, we strengthened backward integration and supply-chain capabilities through the operationalization of our Upper Thane Cutting & Polishing Facility along with expansion of warehouse and logistics infrastructure. These initiatives improved operational control, customization capabilities and premium-margin realization. Inventories increased to ₹62.35 Cr to support business scale-up and premium product expansion, while trade receivables reduced to ₹62.16 Cr from ₹72.61 Cr. Company achieved significant improvement with the working capital cycle improving by ~23% YoY from 231 days in FY25 to 178 days in FY26 and by ~44% from 317 days in H1 FY26, reflecting a sharp improvement in cash conversion efficiency. MCPL’s sector-first Trade Credit Insurance framework and stronger operational controls continue to ensure domestic debtors remain secured and insured, supporting safer dealer expansion, improved liquidity visibility and stronger long- term business resilience. Looking ahead, we remain focused on scaling exports, expanding our premium retail footprint, increasing contribution from high-margin premium surfaces and strengthening our position as a globally recognized, technology-enabled interior solutions brand. With continued focus on operational discipline, digital scalability and premiumization, we remain confident of delivering sustainable medium-term 25-30% CAGR growth in next 3 years.