Abhishek Jain

Thanks for opportunity and congrats for good set of numbers in tough time, sir. Sir, for my first question on the Pigment side, as you mentioned that your total revenue to be around INR600 crores in Pigment segment, and you are looking for the margin of around 10%. So, will it be sustained in the second half as well, even the prices will start to go down?

And what is the expectation on the pricing front in the quarter two and the second half of FY27?

Got it. And how is the current inventory position across distributors in the Latin America, Europe, and India, and has channel destocking completed or just we can go for the channel destocking in the coming quarter as well?