**Financial Highlights:** Q2 CY2025 sales volume dipped 3% (India rains, int'l up 15%). Net revenue Rs. 7,017 Cr (down 2.5%). EBITDA margins up 82 bps to 28.5%; PAT rose 5% to Rs. 1,325 Cr.

H1 revenue surged 9.3% (Rs. 12,584 Cr), PAT 13.6% (Rs. 2,056 Cr). Company is net debt-free. **Strategic Initiatives & Growth Drivers:** Capacity expanded: new beverage lines in 4 Indian locations, SA can line.

Launched PepsiCo Cheetos production in Morocco.

H1 capex ~Rs. 2,500 Cr for this growth. **Business Developments:** Acquired 50% stake in Sri Lankan visi-cooler maker, Everest Industrial Lanka.

Board approved a Rs. 0.50/share interim dividend (~Rs. 169 Cr). **Market Position & Competitive Advantage:** PepsiCo's 2nd largest global franchisee, leverages 50 plants, 1.15M visi-coolers.

Efficiencies and African market backward integration boost profitability. **Investor Implications:** Despite Q2 India weather, international strength and margin gains show resilience.

Capex for growth/diversification signals strong positive potential.

Net debt-free status offers stability.