I now have sufficient information to give a complete, well-grounded answer.
OR = Odds of outcome in exposed / Odds of outcome in unexposed
Maternal hypertension (including gestational hypertension and pre-eclampsia) causes uteroplacental insufficiency through vasospasm and reduced placental perfusion. This restricts fetal growth, making IUGR a well-known complication - entirely consistent with a positive OR > 1. This concept is reinforced in Creasy & Resnik's Maternal-Fetal Medicine, which discusses OR interpretation and the association between maternal conditions and perinatal outcomes.