The FMCG – Others segment continued its revenue growth momentum despite operational challenges during the quarter, recording an 8% year-on-year growth (excluding notebooks). The business faced short-term disruptions due to excessive rains across several regions and the transition to the new GST regime. Growth was led by staples, dairy, premium personal wash, and agarbattis, while the premium portfolio and NewGen channels continued to perform strongly.
The notebooks business remained under pressure owing to low-priced paper imports and increased competition from local and regional players. Meanwhile, GST rates were reduced in over half of the FMCG portfolio, and the company passed on the benefits to consumers. The segment’s EBITDA margin improved by 50 basis points quarter-on-quarter, supported by smart revenue management, price-volume-value rebalancing, and focused cost optimisation amid input cost volatility.
More to come…