Hiren Desai

Yes, I have 2 questions. One is that you talk about maintaining EBITDA per kg at some level. Do you take into account that because of inflation and rupee depreciation, etc., you need to keep improving that to generate the same kind of value?

Yes. So I have been with the company for 3, 4 years. Earlier days, it used to be like you used to, say, INR110, INR115. Now we are around INR135, INR140. So part of it may be because of product mix also and other optimizations like packaging, etc. I mean the value of INR100 cannot be as good 5 years down the line. So the EBITDA per kg that you work on shouldn't it like grow at 3%, 4%?

Okay. And my second question is, I noticed a significant difference in standalone and consolidated. I don't know. I probably missed the first few minutes. So consolidated looks very good, but stand-alone growth as well as margins look muted. Am I correct in my observation?