Despite a marginal decline sequentially, revenue grew at a healthy rate of 10% on Q2 FY2026, driven by domestic and export demand. Realisation growth is estimated to have been driven by improved product mix and cumulative impact of price hikes by the industry in the past few quarters. 

GST rationalisation, pent-up demand following subdued purchases ahead of the new GST rates and healthy festive season demand supported strong growth in Q3 FY2026. ? Revenues are expected to be supported by healthy domestic demand, going forward, given the uplift in consumer sentiments on the back of GST rate cuts.