Stockrabit · Analysts
Questions across 4 calls

Aliasgar Shakir

Motilal Oswal Mutual Fund

Allied Blenders and Distillers Limited

Allied Blenders and Distillers Limited CC-Feb26.pdf · 2026-01-30
A couple of questions, sir. First question is on the volumes. So, this ye ar, our P&A has done very well, thanks to the success of ICONiQ. Now you did discuss abo ut the scope opportunity of ABD Maestro and also some of the other brands that you are trying to rejuvenate. So just wondering, I mean, next year, what is the thought in terms of growth? How much of this P&A growth you are expecting ICONiQ to continue and the new brands to contribute because right now, P&A is largely driven by the ICONiQ growth. T hat's question number one. Question number two is now you have increased your m argin guidance to 18% thanks to the backward integration measures. But a quick question over here is that should we build also some impact coming from 2 areas. Point number one is the new brand that you will be launching or rather you have launched in ABD Maestro and ot hers, what is the investment that will go towards them in the initial period when the scale will be suboptimal? And also, the projects that we are doing on backward integration wil l probably take some time to achieve scale until then they may probably operate at subopti mal level and therefore, could be margin dilutive. So, are these 2 impacts already built in your m argin when you are building the 18%? And how much is it from these 2?
Yes. This is very, very useful and very insightful. Only point if you ca n just also clarify on the impact of these new brand launches, will that be margin dilutive in th e first year? And is that also built into your margin expectations?

Kalyan Jewellers India Limited

Indus Towers Limited

Indus Towers Limited CC-Jun25.pdf · 2025-06-30
Just a follow-up on the dividend policy. So last call, you had indicated that the amount was lying idle and therefore, being used for the acquisition instead of funding it through the debt, that is the normal route that was indicated. And as the Board deci des, this acquisition will be routed through the debt and the cash flow will be given for dividend payment. Now that we are, I mean, shifting this to '26, should one assume that basically the '25 cash flow that was used towards the acquisition will now remain there or that will also be available along with the cash flow being made in FY26 for the dividend payment whenever it comes through after the Board decision?
Got it. So both '26 cash flow generation as well as what was available in the previous year will be available for dividend payment?

The Indian Hotels Company Limited

The Indian Hotels Company Limited CC-Mar25.pdf · 2025-05-05
Thanks for the opportunity, sir. You have partly answered my question. Question is on the ARR. You made a comment, sir, that Goa this year was slightly soft , because of the high base. So in that context, a couple of questions. One is, which are the regions or do you see many of the regions given that last 2 years have taken sharp ARRs would be sitting on high ARRs and probably that could have some factor, because of which our RevPAR could be at a peak level. And the second thing is that you also mentioned that you are premiumizing a lot of your properties. So how much of this ARR could be because of upg rades and how much it could be entirely just price increases?
Got it, sir. This is very useful.