Stockrabit · Analysts
Questions across 2 calls

Bhavdeep Vora

Franklin Templeton Asset Management India

Radico Khaitan Limited

Radico Khaitan Limited CC-Mar25.pdf · 2025-05-07
Thank you for the opportunity. I just wanted to understand that this reduction in the import duty for the imported scotch. So, from the perspective of the state Government, so in terms of the collection of revenues, so whether the revenue collection per bottle is higher in this BIO, BII stuff or it would be more like say, the Indian on the Prestige side say the P&A, the Prestige & Above segment? So, how do both this compare? So, just trying to understand that in terms of what does this do to the competitiveness of the premium Indian IMFL basically compared to an imported spirit? So, maybe your perspective on that would be helpful. 11 | P a g e Q4 FY2025 Earnings Call Transcript
Sure. That's fine. But from an incremental perspective, right? So, if basically BIO becomes more competitive, right? So, maybe now reaching probably INR 2,000 or even below price points in some of the states. So, does consumer shift from say the top line of India's premium to some of this imported stuff? And is more attractive to Government or how does it matter? So how does it work on revenues?

TATA CONSUMER PRODUCTS LIMITED

TATA CONSUMER PRODUCTS LIMITED CC-Dec24.pdf · 2025-01-30
I have 2 questions. The fi rst is could you comment a bit on this recent news of -- on the snacking business about the tie-up with Pepsi for the Kurkure? And what does this entail? And are there kind of further such plans in the pipeline? Sunil D’Souza: So the single biggest thing that we believe for Capital Foods is that, for example, Schezwan Chutney. We've got an 89% share of the segment and the game is to grow that segment. The easiest way to grow that segment is sample the product. Because I would find it very, very difficult to believe that someone sampled it and didn't buy the product, right? And therefore, you need to find a vehicle with whom you can partner with to do that. So by partnering with Kurkure, we've got the Schezwan Chutney flavor with the Ching's bot tle on the pack in front of every consumer who is picking up Kurkure. So for a very cost effective, I would say, execution, I've got -- A, I have got an ad, which has yet to come out, right, which you -- I mean, I think will be a breakthrough when 2 brands are coming together, A. B, we have got sampling across the entire Kurkure range going on, and therefore, I expect my entire tailwind to come in into the Schezwan Chutney and Ching's portfolio.
Okay. So does this kind of -- this is more of a partnership for kind of building the brand profile and this thing? I mean is there any further investments involved in this? Sunil D’Souza: We will put in a little bit of money on A&P. Pepsi will put in a little bit of money on A&P. But if your question i s, is there a commercial angle to this, is there a royalty, is there this thing? No, there is none. I mean it is more of a branding and sampling exercise for us.