Questions across 2 calls

Devanshu Bansal

Emkay Global Financial Services

Kalyan Jewellers India Limited

Kalyan Jewellers India Limited CC-Mar25.pdf · 2025-05-08

Sir, just wanted to check on th e robust demand trends in the current year. Right? So, you mentioned that Akshaya Tritiya sales were pretty robust. So, I just wanted to check, is it, like, specific days that you are talking about, or is it, like, whatever, 35 -40 days that have been in the quarter? So, throughout the quarter, the demand trend has remained robust?

Understood. And sir, in your initial commentary, you mentioned that the gold metal loan was sort of reduced in FY '25. In another way, this is a hedging instrument also. So, have we changed our way of hedging recently, what's the outlook there? And secondly , as we understand, there was about 200 bps of increase in int erest rate on gold metal loan a nd you indicated that there is some relief that has been there. So, what is the exact quantum of increase that may be there for the current FY '26 year?

Aditya Birla Fashion and Retail Limited

Aditya Birla Fashion and Retail Limited CC-Sep24.pdf · 2024-11-08

Sir, in continuation to Garima’s question, I just wanted to understand this increase in net debt better. So, in H1 the debt has increased by Rs. 800 crores to Rs. 900 crores. From the cash flow statement, we have invested about Rs. 500 crores, half of which is going to CAPEX, and rest in subsidiaries, additional stakes actually. Working capital is actually reduced by about Rs. 75-odd crores. So, there is an OPEX funding of about Rs. 400-odd crores in H1. So, I just want to check which are the business segments as of now where we have to support operationally the business for them?

And sir, specific to TCNS, I guess it has seen healthy growth of about 13% odd, right, in Q2. I guess Q3 is seasonally heavy quarter for this particular segment , so any thoughts on initial traction for the festive season? And if you could just update on the margin profile of the business as of now.