Consolidated total income during the quarter stood at Rs 9,359 crore, up from Rs 9,165 crore. Consolidated total expenses also rose, from Rs 9,539 crore in Q1FY25 to Rs 9,558 crore in Q1FY26.
Highlighting key macro trends for the quarter, a company presentation noted that low commodity prices continued to affect grower incomes in Brazil. Additionally, there was uncertain grower sentiment in the US due to the potential tariff impact.
The company reported a decline in net debt, primarily driven by lower working capital requirements and a significant improvement in gearing ratios. Net debt stood at Rs 21,371 crore at the end of Q1FY26, down from Rs 27,500 crore in Q1FY25, the presentation said.
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