Thanks for taking my question. My question is on the international product margin. They are at 75%, but if I look at the product cost, they are nearly double compared to India. What drives that? And what is the potential scope for reduction here? You have mentioned that in your newsletter, but any potential scope that you can highlight?
Questions across 4 calls
Aditya Bansal
Motilal Oswal
Lenskart Solutions Limited
Vishal Mega Mart Limited
Hi. Yes, thanks for taking my question. My first question is on the initial traction in Gujarat and Kerala. I see you have ramped up store additions there. So how has been the traction in those states, especially on the private label FMCG?
Thank you. The other question was on the divergence between SSG and the adjusted SSG. That has increased during this quarter, like, what would be the reasons for the same?
Aditya Birla Fashion and Retail Limited
Just wanted to understand what exactly is being addressed through the brand identity change in the value retail and how have been the trends in that segment for us?
Yes.
Indus Towers Limited
So just wanted to understand the ARPT profile currently for the towers acquired from Airtel, like what would it be in the next year? What should we take?
And like which circles, would this be pertaining to? And is there an opportunity to have an incremental tenant here?