Higher Tea prices impacted standalone gross margin, and higher A&P; investments affected consolidated EBITDA margin. However, the impact of Tea cost inflation is subsiding as gross margin improved QoQ. The management expects the same to reach FY20 levels in one or two quarters. Volume growth in the India Foods business rose 17% YoY, whereas revenue grew 20% in the Salt business on the back of market share gains. However, the India Packaged Beverages business recorded 3% YoY volume growth, due to disruption caused by the second COVID wave. Tata Sampann's...