Q2 FY26 was a quarter of strong progress and positive momentum. We achieved a return to growth, upheld margin discipline, strengthened our strategic position in Europe, advanced our innovation agenda, and continued to invest in talent and partnerships that fuel long-term value creation. While we may see some short- term, tactical challenges in Q3, we remain confident in a solid rebound in Q4, supported by a robust pipeline, improving demand trends, and continued operational excellence.

Q2 FY26 marked a quarter of financial resilience and operational discipline. Our margin performance remained stable despite ongoing macroeconomic challenges. We maintained a healthy balance sheet, enabling continued investments in strategic priorities. Looking ahead, while we remain cautious about near-term demand softness, we are confident in our ability to navigate the environment and deliver sustainable value creation in the second half of the fiscal year.