Borosil · tone and specificity signals across the available quarters.
Language signals
The low margins are primarily attributable to input cost inflation particularly in fuel and packaging materials arising from the West Asia conflict. The overall net impact of the conflict on Q1 FY27 was approximately INR 10 crores which was partially offset through price increases implemented across multiple categories.
We don't share category-wise margins but we are confident that barring aside the West Asia conflict impact we are good to maintain about 18 to 20% margins on the overall business.
Despite rupee depreciation as well as the shipping freight rates going up, we are not seeing much of a difference as far as the Chinese dumping is concerned.
India's INR 4000 cr lunchbox market is seeing growing demand for safe microwave friendly and sustainable products.
Had we had hydra supply we would be closer to most or slightly more than 18% EBITDA margin.
We are too small and therefore we still can grow even if the overall market is not growing that rapidly.