**Financial Highlights:** Latest quarter revenue grew 7.6% to ₹473.0 Cr.

Gross Profit margin was 45.6%. EBITDA dropped 9.0% to ₹58.2 Cr (12.3% margin), and PAT fell 12.8% to ₹30.9 Cr (6.5% margin). Bakery segment surged 19%, Biscuits up 3%. Debt-to-Equity is low at 0.1. **Strategic Initiatives & Growth Drivers:** Leveraging India's growing middle class, strategy focuses on portfolio, quality, distribution (South & West), and manufacturing.

Significant capacity additions are underway (new lines/bakery units). Project IMPACT 1.0 targets broad cost transformation. **Business Developments:** Recent launches include "Zero Maida" cookies/pav, NaturBaked, and Ready-To-Eat Desserts.

Company remains key supplier to major QSRs, expanding global footprint to over 70 countries, supported by targeted marketing. **Market Position & Competitive Advantage:** Leading institutional bakery supplier, known for quality, dedicated lines, and strong QSR ties.

Diverse portfolio and global reach enhance competitive edge. **Investor Implications:** Though profit margins compressed, revenue growth is positive.

Extensive capacity additions, new products, and cost-cutting via Project IMPACT signal strong future growth potential.

Execution will be key.