Premiumisation momentum accelerates; P&A portfolio continues to outperform: RKL's premiumisation strategy continues to deliver strong results, with P&A portfolio reporting 35.9% YoY volume growth to 5.2mn cases in Q1FY27, despite high base of 41% YoY growth in Q1FY26. Growth was led by Magic Moments Vodka, which recorded its highest-ever quarterly volumes of ~3.3mn cases (+43% YoY), accounting for ~41% of FY26 volumes in just Q1FY27, supported by flavour-led innovation and improving category adoption. Management highlighted that vodka's share of the Indian spirits market increased to 6.0% from 4.6% in Q1FY26. Other brands including...