Sir, I missed the Water business part, which you said that in Q4, how do we really look at the full year and next year?
So earlier, I mean, if you can give working capital intensity which -- earlier in water business kind of you are operating at negative, you are very nominal level. So what extent it has now gone up, I mean, in net working capital cycle?
Congratulations, Manishji and team on a very good result. Manishji, I have two questions. First one is on, if we really look at, I mean, our core EPC business which grew as per business revenue slide by around 10% and EBITDA is also improved by almost 18%. So how do we see this business going ahead kind of a traction that we have on the order book?
Is that, I mean, based on your comment, again, I mean, on the stand-alone or core EPC business, slowly we see the reduction in the borrowing, correct?
You have dwelled, a little more on this bio-CNG. So that one is on the operating -- I mean, there the business economics, so do we think the way I mean, government intervening the ethanol side? Any kind of action are we looking for, I mean, to take it off this bio-CNG in a bigger way?
Yes, sir. Sir, second thing, just in addition to this, we are working only on rice base or we have multiple...
Congratulations on good set of numbers. Sankar, if you can give a little more color, say, where we are talking of, say, reaching SSP 1 million tons. So what kind of a blended will be, let's say, out of that mixture of SSP and urea? And if you can also share the profitability part, how is it with this mixture will be having higher than the SSP and/or sitting somewhere in what kind of a range?
How much? Sorry, can you repeat?
I want to understand how much we integrate the IT on the research side, expedite as well as AI part side, so if you can give some color in our road map for the same?
Yes, but if you have to think of frosssm say two, three years perspective, how do you think that can really benefit on the efficiency side or bringing down the cost, so any color do you have at this moment or will have to wait?
Hi Raj, thanks for the opportunity. Russian Carbon Black are also coming to India since they have discontinued to Europe. So, some are going to China and even India also is getting a lot of import from Russia. Is that happening and how that is affecting the domestic market?
Is it possible to quantify something?
Sir, in initial -- your remark on the European market, you say that certain duty is related to levy on account of this emission norm. Sir if you can give a little more color and that -- because the impact will remain only up to this Q4, I mean, say, last quarter calendar year? Or next year, how do we see for the Europe markets? About Metalcastello, you have already given some color. So remaining part of the business, how do we see?
So this -- because of import duty on this Chinese manufacturer, so can we expect that from calendar -- in calendar '25 in Q1 or Q2, we see some kind of a positive trend in the Europe market?
Sir, in initial -- your remark on the European market, you say that certain duty is related to levy on account of this emission norm. Sir if you can give a little more color and that -- because the impact will remain only up to this Q4, I mean, say, last quarter calendar year? Or next year, how do we see for the Europe markets? About Metalcastello, you have already given some color. So remaining part of the business, how do we see?
So this -- because of import duty on this Chinese manufacturer, so can we expect that from calendar -- in calendar '25 in Q1 or Q2, we see some kind of a positive trend in the Europe market?
My question is for Metalcastello, we have seen several years, flip-flops kind of a thing that once the customer comes and order book grows and they start picking up, so it throws a good amount of money for us , what are our strategy going forward to derisking the other relying on one customer largely?
And we had undertaken certain lightweighting because of say aluminium forging in Europe, so any color on that, what stage that business is?
So Vikas, just want coming to first question is on the margin in the Europe, as you rightly said that because of the price correction. How do we see for rest of the year, I mean, Europe margin and for the full year, again, bouncing back to same last year level?
And now with the, say, infusion of the capital into thi s -- Bill Forge Mexico entity. So do we have any plant to ramp up for additional if you can give some color on the performance of that performance of that Bill Forge Mexican entity?
Congratulations on the excellent performance. My question -- first question is related to CDMO. Can you share the mix of our discovery business and commercial and...
In our CDMO business, the contribution of the mix of discovery and commercial business?
So, on CDMO business, we have a large part which is a discovery and development sometime , many a time, and that can give a kind of a means because of external environment, I mean, kind of a rough take on annualized basis I am talking. So, how our strategy is over the next three to five years to make all these things in a certain way that we don't get such kind of, I mean, because of external jerk in our business?
And now coming to one specific on the you stated about the ADC. So, in ADC piece, which are, I mean, do we have end-to-end capability or are we missing? I understand three part of the whole process. So, where do we are currently and how do we want to if at all have some white space to cover up that and bring the full ADC business?
Sir, congratulation to the Pidilite team for such a good number in a challenging time. I'm a little new to the company. I want to understand that in last 5-6 years, we have added under home care and in several categories also as well as within a category also, we have added new products. So, can you give some kind of innovation turnover index? And how do we see going ahead? That is the first question.
But sir, would you think that going ahead, I mean, whatever products that we have introduced can it accelerate the growth, which we are saying that core is contributing around 65% or 60%? So, from that perspective.
Congratulations on good set of numbers. Sir, on our slide number 18, we have saw on 1 category, growth category, which is emerging category with significant potential, and we expect to grow at 2 to 4x of GDP. So can you give some more color, which are those brands? Or how much does it contribute to overall our top line? And how do we see in next 5 years this growth business to be part of the business? And is it the same when we have created several leaders in our company?
All right. Sir, just some kind of a sense how much has this growth category currently contribute to top line?
Hi sir. Congratulations on good set of number and thanks for the opportunity. Sir can you give some color how much currently our revenue mix if you can say which is on the annuity base and how much is AMC that do we get or do we get any AMC revenue?
And sir how do we see that those are growing in which line? I mean see how much of say license revenue we are expecting to grow and second thing that within that how much it could be an annuity base and how much would be your up fronting and AMC. So if you can give some color on that also?
I want to get some sense that we are seeing that some segment of our company is growing fast. Some is not growing. And so, is it because the demand is lacking or we are having a constraint on the manufacturing side? And if at all, so how do we really try to resolve that jigsaw puzzle over the next three, four years so that all segments which is growing, we can grow much faster rate than the market?
Okay. So on coming to this hobby and craft as well as fine arts product, Indian market is growing at a very rapidly pace as well as there is a lot of import is also happening because the kind of, I mean, material is not available in India or maybe price point is. So how do we really see that market for our company and what is our strategy for that market?
On a broader question to understand, we are present in the whole energy sector from distribution, transmission or distribution. So whether it's related to government sector or data center or private industry. So how do we see growth among the whole different growth, I mean number that we see and over a period that our reliance on this government orders can come down. So if you can give a little more broad color, which are sectors that you expect to grow faster?
Gauri, we had a plan to enter in the U.S. market to grow that. So, can you give some color on our journey to enter in U.S. market? And how do we see that market in the next 5 years?
And Gauri, now second thing, you said that we are making huge investment next year also particularly to develop a new product in R&D. So, can you give some color to what are the white spaces as on today and where this kind of investment is required? And how that will take our company over the next few years?
Sir, from a medium perspective, if we understand, how do we really have a strategy to leverage our engineering R&D capability in other areas like Auto is the one, then second is aerospace that we have, other mobility as well as industrial, health care side and services in the education. So, first is, how big is the opportunity that you are seeing? And what is really challenge, I mean, to grab those opportunities?
Further to that question...
Sir, my question is related I mean little medium-t erm perspective, say, the last 3-4 years and now the way the Indian CV market as well as 2-wheeler and truck market is developing as well as infrastructure expansion happening and, sir, bet ter road. So on CV side, people -- I mean, more of in low end, volume is not growing at that p ace vis-a-vis the premium segment are growing. Same thing is happening on the 2-wheeler s ide? And CV side, a higher end trucker -- I mean, so rather I mean 14 toners, I mean, 36 tone rs already. So how in this underlying our market changing scenario, we want to strategize our whole strategy to capture a larger market share?
Simultaneously, all this vehicle earlier, which used to go to, I mean, roadside garage now, a lot of, I mean, premium cars are moving to company authorized dealerships. And how do we want to, I mean, enter in this business where, I mean, to get that either [OEM] themselves supply the oil or so lubricant. So my question is, again, related to that, so that new market, how do we really working on to attack in this market and getting an entry?