Questions across 3 calls

Karthik Chellappa

Indus Capital Advisors Hong Kong Limited

Dr. Lal Path Labs Ltd.

Dr. Lal Path Labs Ltd. CC-Nov25.pdf · 2025-10-31

Yes. Thank you very much for the opportunity , sir. Just 2 questions from my side. If we were to correlate the revenue growth along with the volume growth, and if we were to look at our realization per test, in the last 6 quarters or so, that has remained more or less in the region of about 1% or below. I am just curious to understand why is mix not having a bigger impact on our realization per test. And what do you think needs to happen for us to see some sort of acceleration in this metric? Because clearly, we have resisted taking price hikes. So, whatever growth here has to probably come from mix . And I am just curious to understand what will it take for us to see a better outcome on this metric? That's my first question, sir.

Got it. My second question, sir, if I were to look at our employee cost growth this quarter, that's only been about 6% to 7%, whereas in the last few quarters, it used to be in the double-digit range. So, just curious as to how should we read this? Is it a case where you have already upfronted a lot of your hiring and investments. So, from here on, there is some operating leverage possible? Or is it just something which is transient like the timing of festive bonus or so?

GMR AIRPORTS LIMITED

GMR AIRPORTS LIMITED CC-Dec24.pdf · 2025-01-29

I have 3 questions, sir. The first question is, if you look at Delhi Airport's traffic growth, that has been around the 7% to 8% range for quite some time right now, which is in stark contrast with the kind of strong traffic numbers that Hyderabad is seeing, So what do you think explains this divergence? And what needs to happen for Delhi traffic to actually start growing in double digit again? That's my first question.

Perfect. So the way we should understand is, is given the high base and given that we are also addressing some of the choke points in our traffic, the traffic growth will probably be better than what we are experiencing right now in percentage terms, but it may not be as high as Hyderabad. That's how we should interpret this, right, at least for the next 12 to 18 months?

Godrej Consumer Products Limited

Godrej Consumer Products Limited CC-Dec24.pdf · 2025-01-24

So just 2 questions from my side. Firstly, if I were to look at our presentation, both in the first and the second quarter, in the Personal Wash category, we had explicitly called out market share gains. But this time, I do not see a similar comment in Personal Wash, anything to read into that? And how did our market share trend in that category for this quarter?

Got it. And when we spoke about the slowdown in urban consumption, you specifically called out modern trade. Now apart from the general slowdown, are there any other trends that you're observing, which caused the slowdown in modern trade ? I mean the context in which I asked this question is we are seeing quick commerce grow almost exponentially. So is there more salience towards those formats, which is at the margin impacting modern trade?