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Overall, topline growth remained strong, led by Retailing at 45.3%, Electricals at 38.4%, Capital Goods at 26.6%, and Automobiles at 25.1%. Margin performance was mixed, with gross margins contracting across most sectors, while FMCG and Chemicals were the key gainers. Profitability trends remained uneven, with EBITDAM improving in Chemicals, Logistics, Capital Goods, and Retailing, but declining in several sectors, while PATM expansion was largely concentrated in Logistics, Chemicals, and Retailing.

* Automobiles sales grew 25.1% YoY. Gross margin contracted by 216bps YoY, while EBITDAM declined by 85bps YoY. PATM also saw a contraction, falling by 55bps YoY.

* Capital Goods sales grew 26.6% YoY. Gross margin contracted by 211bps YoY, while EBITDAM improved by 80bps YoY. PATM also saw a modest expansion, rising by 10bps YoY.

* Chemicals sales grew 18.5% YoY. Gross margin expanded marginally by 9bps YoY, while EBITDAM improved by 161bps YoY. PATM also saw an expansion, rising by 110bps YoY.

* Construction Materials sales grew 8.7% YoY. Gross margin contracted by 88bps YoY, while EBITDAM declined by 161bps YoY. PATM also saw a contraction, falling by 120bps YoY.

* Consumer Durables sales grew 17.9% YoY. Gross margin contracted by 114bps YoY, while EBITDAM declined by 48bps YoY. PATM, however, saw an expansion, rising by 62bps YoY.

* Electricals sales grew 38.4% YoY. Gross margin contracted by 173bps YoY, while EBITDAM improved by 39bps YoY. PATM also saw a modest expansion, rising by 35bps YoY.

* FMCG sales grew 21.1% YoY. Gross margin expanded by 412bps YoY, while EBITDAM declined by 282bps YoY. PATM also saw a contraction, falling by 213bps YoY.

* Healthcare sales grew 17.0% YoY. Gross margin remained largely flat, declining marginally by 1bp YoY, while EBITDAM declined by 156bps YoY. PATM also saw a contraction, falling by 149bps YoY.

* Metals & Mining sales grew 12.4% YoY. Gross margin contracted by 185bps YoY, while EBITDAM improved by 48bps YoY. PATM also saw an expansion, rising by 67bps YoY.

* IT sales grew 15.8% YoY. Gross margin contracted by 61bps YoY, while EBITDAM improved by 30bps YoY. PATM, however, saw a slight contraction, falling by 35bps YoY.

* Logistics sales grew 20.5% YoY. Gross margin remained flat YoY, while EBITDAM improved by 116bps YoY. PATM saw a strong expansion, rising by 301bps YoY.

* Retailing sales grew 45.3% YoY. Gross margin contracted by 553bps YoY, while EBITDAM improved by 58bps YoY. PATM also saw an expansion, rising by 104bps YoY.

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