Q4-FY26 · Vive Amihotri
What this year really proved is that the margin improvement we have been working towards is structural not episodic. Our EBITDA margins expanded from 17.5% in FY25 to 19% in FY26.
REDTAPE / language trends
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Redtape · tone and specificity signals across the available quarters.
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Language signals
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Q4-FY26 · Vive Amihotri
We are the number two brand today on Flipkart and Myntra. That shows there are host of global brands out there but we have been retaining this position for the last couple of years.
Q4-FY26 · Vive Amihotri
So what happened in our e-commerce business, the kind of rebates which the Flipkarts and the Myntras of the world work on in India, they had changed some accounting mid of the year wherein the rebates were being given and our top line was being adjusted against the top line.