Revenue grew 7% in Q1 with EBITDA at 14.3%, signaling resilient profitability even as volumes rise.
•
Alkaline battery market share rose to 15.3% QoQ (up 50 bps) while carbon-zinc share stayed dominant at 59.1%, aided by strong distribution and branding.
NEGATIVES
•
Demand environment remains challenging with subdued discretionary spend and slow rural rebound.