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Quarterly sectoral performance

Sales grows across sectors YoY, margins a mixed bag

* Automobile sector profitability declines- sales grew 7% YoY, while gross margin declined by 106bps YoY. EBITDAM and PATM also declined 212/216bps YoY. Margins across the Auto sector declined primarily due to higher raw material costs, elevated promotional expenses for new model launches, and increased depreciation and employee costs linked to capacity expansions and new plant openings—resulting in reduced EBITDA and further pressure on PAT margins

? Cap goods strong sales growth of 21% YoY- sales grew 21% YoY, while gross margin was broadly flat. Despite flat gross margin, EBITDAM and PATM improved 107/162bps YoY driven by continued strong demand from domestic Power T&D space along with healthy execution in project companies despite prolonged monsoons.

? Chemicals’ sales grows, profitability broadly flat- sales grew 10% YoY largely driven by volume growth, realisations continue to remain under pressure, while gross margin was higher by 83bps YoY due to modest decline in RM cost. EBITDAM declined by 10bps YoY but PATM improved by 313bps YoY.

? Construction materials sales grew 18% YoY - sales grew 18% YoY, while gross margin was higher by 33bps YoY. EBITDAM improved by 446bps YoY but PATM improved by 704bps YoY on low base.

? Consumer durables sales grew 14% YoY - sales grew 14% YoY, while gross margin was lower by 179bps YoY. EBITDAM declined by 77bps YoY but PATM was broadly flat YoY.

? Electricals sales grew 19% YoY - sales grew 19% YoY, while gross margin was up by 181bps YoY. EBITDAM improved by 336bps YoY and PATM rose by 250bps YoY.

? FMCG sales grew 8% YoY - sales grew 8% YoY, while gross margin was lower by 103bps YoY. EBITDAM declined by 87bps YoY and PATM also declined by 70bps YoY.

? Healthcare sales grew 15% YoY - sales grew 15% YoY, while gross margin was higher by 59bps YoY. EBITDAM up by 106bps YoY and PATM has seen 29bps YoY growth.

? Metals/Mining sales grew 10% YoY - sales grew 10% YoY, while gross margin was higher by 222bps YoY. EBITDAM improved by 55bps YoY and PATM also improved by 76bps YoY on better demand and low base.

? IT sales grew 7% YoY – sales grew 7% YoY, while PATM declined by 62bps YoY. Gross margin and EBITDAM improved by 81bps and 43bps YoY respectively.

? Logistics sales grew 18% YoY - sales grew 18% YoY. Despite decline in EBITDAM by 43 bps YoY, PATM improved 94bps YoY.

? Retail sales grew 41% YoY – sales grew 41% YoY, while all Gross margin, EBITDAM and PATM decline by 362bps, 138bps and 178bps YoY respectively.

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