#EBITDA #MARGIN
In FY25, the EBITDA margin expanded by 112 bps YoY to 25.8%. The margin expansion was led by decline in raw material cost, employee benefit expense, power & fuel expense and other expense as a percentage of sales. In Q1 FY26, the EBITDA margin expanded by 570 bps YoY to 28.1%. The margin expansion was led by decline in raw material cost as a percentage of sales.
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