Bhavya Gandhi

Sir, my first question is regarding the store openings because for the full year, we've guided for 89 to 90 stores. And in the first half, we've opened closer to 22 Kalyan stores. So do you think that we'll be able to open the entire 90 stores by the end of this year?

Okay. Got it. And if you can just explain on a Q-o-Q basis, if you look at the PBT margins, over there also, we've seen some fall. So what is the reason? I understand gross margin obviously will dilute because of the FOCO mix. But on the PBT margins, what is the reason despite finance cost falling?

If I look on a Q-o-Q basis, it's showing me almost 40 basis points lower.