Bhargav Buddhadev

Congratulations on a good set of numbers. Sir, my first question is that is it fair to say that we would have seen some volume decline. Obviously, because of elevated RM prices, there might be de-stocking. But now with crude coming off, is it fair to say that we can, in the ensuing quarters, see volume growth coming back in paints?

I'm talking volume growth, volume growth.

Secondly, sir, with Asian Paints also increasing the IML share and within that, Mold-Tek is also now seeing incremental business given that our capabilities are far superior. Is it fair to assume that within Asian Paints, our gross profit per kg as well as EBITDA per kg should sort of increase from here on?