I have a couple of questions on the....
Is this better?
Questions across 4 calls
Akshen Thakkar
Fidelity
Voltas Limited
Blue Star Limited
Congratulations on seeing through a relatively tough quarter. My question was around the Electro- Mechanical Project business. You have seen four quarters of 30% plus growth in this business. I mean, obviously the base is stiff. But could you give us some color on what kind of growth you are expecting in this business in the coming quarters or maybe for the full year? Then on the Unitary Product business, I think the comment on TV this morning by V ir was that we are still gunning for double -digit growth. That would imply sort of close to mid -teen growth for the rest of the year. Is that something which is an aspiration, a target, or a guidance?
Marico Limited
Just a couple of questions from my side. One was , just double clicking on your commentary around profit growth for next year. I think till last quarter we were calling out low teen growth. And while you ’ve not called it out it did sound like you ’re talking about low double-digit growth here. So just wanted to understand if the interpretation is correct and if so , is Project Setu or investments that you ’re making there or elsewhere in the business causing this sort of lower and we’re all for good investments to be made. No problem over there. Just wanted to be clear on where the difference is coming from versus the previous commentary.
So, we should take it as a bound that you try to keep it within that range, and we should read it only as volatility in raw material and not that incremental investments in Project Setu or something else which is about…. CIN L15140MH1988PLC049208. Email: investor@marico.com Marico Information classification: Official
Just wanted to understand two things from the team. One was around the edible oil business. We've seen quite a lot of volatility in the last two to three years, given the kind of channel corrections that you would have taken, competitive pricing, etc. When you look at this business, I'm not saying in the immediate term, but. next four, six, eight quarters out, how are you thinking about growth trajectory in that business? That's question one. Question two is you seem to be confident that the changes that you made in the distribution end will help growth. If you could just help us understand what the difference was between primary, secondary, so that we can at least better gauge if there is a gap that can be caught up in the coming quarters. Those two questions, and I had a follow up, but I'll wait for answers for this one.
Last question from my side, Saugata. How are we thinking about capital allocation? Last two to three years we've made a bunch of tuck -in acquisitions. Do we wait to assimilate these at this stage, or should we be thinking of M&A as a continuing strategy hereon?