Questions across 5 calls

Jignesh Kamani

Nippon Mutual Fund

Page Industries Limited

Page Industries Limited CC-May26.pdf · 2026-05-21

Congratulations for good numbers. Earlier, you highlighted in the earlier call that in economic segment, at the start of the year, we might cede some of the market share. And you took a corrective action by introducing new products, also changing the packaging and everything. So what are the initiatives we have taken until now? What are in pipeline? And some color on have we regained all the market share or how is the journey right now?

Sure. And can you highlight how is the rollout of JKY and Bonded collection? I think you did a second phase rollout with a larger MBO, everything. So how is the performance and how is the road map?

Vishal Mega Mart Limited

Vishal Mega Mart Limited CC-May26.pdf · 2026-05-15

Congratulations for another good set of numbers. Just on the apparel side, so when you discuss with your vendor, what kind of price hike they are asking currently increase in the current environment? And second thing, if you just want to understand the past, like in 2021, '22, when cotton price rallied from, say, INR 40,000/KT to around INR 1 lakh/KT, what kind of price increase we have witnessed and how you tackled it in terms of a price hike and any impact on SSSG or gross margin? What was witnessed in the past? Just some colo ur on that, so we can understand it much better how you handled it?

So then, large part you absorbed it and consumer was protected, right, on the price hike?

Vishal Mega Mart Limited CC-Mar25.pdf · 2025-04-30

Yes. Hi, Gunender and Amit. Congratulations for a good set of number. Just on the gross margin, we have seen close to around 80 basis points improvement on the Y-o-Y for the full year. So. if you take about few of the lever, like a higher set of private label, you can say strong brand pull, better sourcing, anything, so just can you highlight what are the key levers and which are the key reasons which contributed to gross margin improvement? And just adding to that on private label , which is close to 73% for you, we have seen a strong brand pull from many of the private brands. And right now the private level is close to 40 % to 50% discount to national level brands. So are you seeing there, b ecause of strong brand pull, there is a scope to reduce some of the discounting in some of the key brands and hence improve the gross margin? Thanks

Understood. And follow-up question on growth wise, 13.4% kind of healthy SSSG for the full year, is there a growth across board? Or UP is doing very well versus South , Karnataka, or any sense on any diversion between various clusters?

Paradeep Phosphates Limited

Paradeep Phosphates Limited CC-Feb26.pdf · 2026-02-04

So in in Mangalore urea plant, we did energy efficiency measure capex, I think, for five years ago. So we are enjoying the EBITDA benefit of that, I can say, which is expiring this March, right?

So profitability at the urea plant will be reduced from this March onwards. So just want to know what will be the impact on that?

Aarti Industries Limited

Aarti Industries Limited CC-Jun25.pdf · 2025-08-01

Hi Suyog. Just on the profitability part, even if you had a close to Rs.50 odd crore of profitability because of the inventory write- down and the delay , so we are close to Rs.250-odd crore kind of run rate and this was m aterially lower YoY. If you take about the last second half it was a similar run rate on the profitability. But if you take about , in volume s, like three to four percentage kind of energy volume, if I include the deferment of 20,000, 22,000 in July, we are close to double- digit kind of volume growth in energy while on the non-energy YoY we are already close to 10% kind of volume growth. So, despite our 10% plus volume growth Y oY and maybe around 5-6% QoQ if I adjust, our profitability has materially come down. So, is it fair to assume that profitability pressure is so severe and more particularly in the MM A vertical and we have to live with the situation in near term?

But in the near term, the profitability materially lag ged the volume growth, safe to assume, because of the market share initiative we are taking in the current market environment?