Revenue from operations during the reporting second quarter jumped 11% year-on-year (YoY) to Rs 3,734 crore. The same was at Rs 3,363 crore in the last year quarter. The revenue growth was driven by an underlying growth of 11% in the India business, 8% in the International business, and 3% in the non-branded business.
Analysts forecast EBITDA margins to improve, aided by the company s cost restructuring measures in international operations and partly offset by an increase in advertising spending. Operating during the reporting quarter is likely to rise up to 28% YoY, according to the highest estimate of three brokerages.