Dinesh Thapar

We've never singularly depended on pricing. In fact, in a competitive market where the aspiration is to grow, share, and invest competitively, one can't rely on pricing.

We are pretty uniquely positioned in the way that we are able to leverage our existing network of 2,500, 3,000 stores to do quick commerce.

The milestone on exports revenue is not just in rupee terms but in dollar terms as well.

The EV portfolio profitability has improved significantly... nearing double-digit EBITDA margin.

We have decided that we would take charge, and that is the message that we sent out through the announcement that we put out on the 22nd, looking at control of the enterprise very clearly.

We've been able to hold margin at 20.2% yet again. Our margins have been at this level, give or take a few basis points for the last six quarters.

In the entirety of our electric portfolio, which is electric two-wheelers and electric three wheelers, our EBITDA in the quarter has been flat in absolute terms.

We are strongly committed to playing and investing for competitive growth in this space and expanding this business in multiples in the times ahead.

The cost savings that we have seen in this quarter has contained the incremental drag arising from higher volumes.

We'd like to sustain the momentum in the domestic business and look to make it about as big as the festive quarter that has just gone by. Going by historical trends, you will know that that's an audacious ask, but an aspiration nonetheless.

Our margins closed at 19.8%, up 260 basis points year-on-year, driven by dynamic pricing cost management, better foreign exchange realization and a richer product mix.

Our results demonstrate the resilience and the strength of our operating model, given a unique mix of exports and domestic in the overall scheme.