Revenue for Q1 FY23 has increased by 8.1% YoY to ₹ 2,822.4 crores. Profits have reamined stagnant with a 0.7% growth YoY to ₹ 440.3 crores because of rise in Total Expenses by 11% YoY.
In this quarter’s press release, the management suggested that the firm has increased market share while demand has been stagnant due to consumers purchasing smaller portions due to inflation decreasing their purchasing power.
To further compare this quarter’s results to the past, check out this link.
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