So an observation. On Slide 21, we have mentioned our contribution of value -added products, which improved meaningfully from 42% in FY '22 to 46% in FY '25. But during this period, when I see your EBITDA margin, it's a decline from around 10% to around 8%-8.5%. Now over '25 to '28, we are expecting this 46% mix to improve further to 50%. In this context, what kind of EBITDA margin we are guiding to reach in FY '28?
Questions across 1 call
Ashish Poddar
Motilal Oswal Institutional Equity