Investor Presentation for Q1 FY2027.

AI summary - Q1 FY2027 revenue 1683.7 Cr +11.8% y-y; EBITDA 348.1 Cr +50.9%, margin 20.7% +536 bps y-y - Prestige & Above volume grew 35.8% y-y, total IMFL volume +2.8% - Net debt reduced by 138 Cr since March 2026; net debt free expected by Q2 FY2027 - Management expects Prestige & Above volume growth over 25% for FY2027 - EBITDA margin guidance around 20% for full year FY2027 - Premiumisation and innovation driving strong growth in vodka and whisky segments - Marketing spend maintained at 6-8% of IMFL revenues to support growth - Chairman highlights structural tailwinds and investments in brand, capacity, and supply chain - Managing Director confident in long-term growth and margin expansion