First of all, congratulations on good set of number s. I have two questions. One is on the new airport which is going to come in our portfolio, the Cochin Airport and Noida Airport, what is the expected timeline , by when we can start building in revenue from those airports , going ahead?
Okay. And just for clarification in this part, in Cochin Airport we have lounge business as well, right?
Hi. So I was having particular question about the price hike, what you mentioned that usually you take a price hike in a range of around food inflation. But historically, have you done some study where that if you increase the affordability of the product, you see that there is an exponential growth in your footfall or let's say revenue drivers, rather from pricing action, it would be more driven from the volume growth which you would witness?
Got it. And we have seen material improvement in our EBITDA margin. Would you like to quantify what would be the guidance in terms of near -term perspective where our EBITDA margin would lie on an annualized basis? I completely understand there would be some seasonality factor on quarter -on-quarter basis, but on an annualized basis, can you give some guidance for your EBITDA margin?
Yes. Hi. Good evening, sir, and congratulations on a good set of numbers. Sir, one question regarding your, no doubt your disclosure is better. But the disclosure which you had in DRHP that in terms of revenue from the lounge and QSR, can you give that break-up for the quarter?
Got it. And what was that in the base year, sir?
Sir, first question is regarding Edible Oil. So last quarter, you highlighted that there is a soya oil import from Nepal, which is particularly impac ting our business in north part of the region. What's the status on that now?
Okay. Okay. And sir, second is on Foods business. So our aspiration of INR10,000 crores, which was there earlier for FY '27. Where are we in terms of -- you would expect any delay in terms of achieving that INR10,000 crores of top line?
So yes, it's very interesting that you highlighted that there would be backed growth for the FMCG part of the portfolio. But if I remember correctly, a couple of years back, you stated that you would be achieving INR10,000 crores at least in FY '27 or so. So with all this G2G business rationalization and everything, do we still stand with INR10,000 crores in FY '27 or it can be pushed a bit?
This you are talking about by FY '27?
Hi, good evening, sir. So my first question is regarding this alternate channel. So we have been seeing very phenomenal growth, especially from the quick commerce channel. And it is now contributing a very large portion of our overall revenue. Can you give us some clarity in term s of what kind of products we are selling or, let's say, what kind of mix we have in that? And likewise, what is the profitability when we compare it with the general trade channel?
Congratulations on your margin surprise. Sir, I have only 2 questions. One is, if I look at ex of ICONiQ White, how is the traction, especially in the premium end of the portf olio, let's say, Sterling Reserve B7, B10 and Officer's Choice Blue?
So, I want -- can you comment the growth trajectory for non-ICONiQ part of the portfolio, that is Sterling Reserve B7, B10 and Officer's Choice Blue. How is the volume growth tracti on in those brands?
Hi, Alok. Hi, Mukund. Sorry, I joined a bit late, but I would like to know what is the growth rate excluding, let’s say, AP market and Telangana, Delhi market, which was kind of a one -off and that market has reopened? Sorry if you have answered that question.
And see, more from this, like, new product launches, so, ye s, definitely, we have increased our aggression in terms of product launches in Luxury and Premium segment. But now that the incremental many players have been coming in this segment and this space is any which way is getting more crowded in a way, what is the growth trajectory, let’s say, going ahead you expect from this? And how does saliency of this or, let’s say, the profitability of this segment would move in three to four years period of time, especially when we are into investment phase in this segment?
Yes. Congrats on very good set of numbers. one thing I wanted to know this is that when I compare Titan margin versus our margin and when we see the studded ratio, despite having higher studded ratio, our EBITDA margin is quite low compared to the Titan. Sir, what are the reasons for that?
Got it, sir. And sir, last time when you highlighted there was like a peak GML interest rate was there. And where are we right now? Is it back to the normal GML rate? Or again, with the margin improvement trajectory, is there any backward integration apart from what you mentioned in terms of sourcing benefit? Is there any other things what you are trying to achieve to improve your EBITDA margin going ahead? That would be my last question.
First of all, congratulations on a very good set of numbers. Sir, my first question is regarding volume growth, that we have seen very 40% plus volume growth. If we adjust for let's say reopening of Andhra Pradesh or let's say North of India, what would be a normalized volume growth during the quarter?
Got it. And I think this low base would continue till December quarter, if I am not mistaken, right?
Yes. Hi. Thank you very much, sir. Sir, my only question is regarding capital allocation that how should we think that whether there would be any inorganic growth going ahead, and in which category we can look for? And also, in that line, what would be the key metrics we look for, while acquisition? Thank you.
Got it. Got it. Any financial metrics that we would be looking out for the revenue side of, let's say, INR 200 crores to INR 300 crores or whether we will not be paying certain x amount for the acquisition?
So first question is regarding capex . So, when do we expect that the U.P. capex would be done , and when it would be materially contributing to the volume numbers? And what would be the capacity of this plant?
So the reason why I'm asking is that, during the peak summer season, we have seen multiple times there is a capacity constraint which we faced. And given that now the summer season has been going on, what would be the constraint because of the capacity? And whether it would materially restrict the volume growth in the current quarter?