Questions across 4 calls

Karthik Chellappa

Indus Capital Advisors Limited

Godrej Consumer Products Limited

Godrej Consumer Products Limited CC-Nov25.pdf · 2025-10-31

Yeah. Thank you for the opportunity. Just two questions from my side. The first one is apart from palm oil, what are the other variables or risks that you actually see to your normative margin band in the second half?

Got it. My second question is on Indonesia. Despite the macro being bad and competitive intensity being high and a low UVG and even a negative constant currency growth, the margins have held up pretty well. So what would explain that? And how should we think about margins in Indonesia going forward?

Godrej Consumer Products Limited CC-Jun24.pdf · 2024-08-07

My first question is on Indonesia. What we hear from on the ground is there have been a kind of like a soft boycott of MNC brands in view of the geopolitical situation there. So from a competitive landscape point of view, are your competitors predominantly MNCs or are they local companies? And are you benefiting from this trend of a soft boycott in any of your categories? And just related to that, from a portfolio point of view, what percentage of your volumes or revenue will be HIT?

Okay. The reason why I ask that question is if I look at your category -wise volume growth in Indonesia, basically, like Stella has grown double digit and your Hair Colors have also grown double digit, but it's only HIT which has grown single digit. But if it's only 1/3 of your portfolio, shouldn't the organic volume growth in Indonesia be higher?

Kfin Technologies Limited

Kfin Technologies Limited CC-Jul25.pdf · 2025-07-25

So my first question is, assuming the normal yield declines at about 3% to 4%, and we are assuming an overall AUM growth in the region of, let's say, 12% to 15%, would it be fair to assume that we should be able to hold our domestic mutual fund margins at these levels? Or what else do we need to happen for margins to kind of sustain in this current range?

Got it. Okay. My second and last question is on the Issuer Solutions. So we are seeing very strong momentum on the corporate clients, which is welcoming. If I were to look at our investor portfolios, that growth has moderated this quarter, whereas in the last few quarters, we have been seeing that investor folios and corporate clients were growing more or les s at the same rate. So anything to be read into this moderating growth rate? And what needs to happen for the folios to start accelerating?

GMR AIRPORTS LIMITED

GMR AIRPORTS LIMITED CC-Jun24.pdf · 2024-08-14

I just have two questions. One on Delhi Airport and one on Hyderabad. On Delhi, if I were to look at our financials this quarter, so we have about a 7% passenger growth against which we've had are about 9% to 10% non -aero growth and a 4% EBITDA growth. I' m just curious to see that our non - aero revenue per pax is probably trending at about 2% to 3%, and our EBITDA per pax is actually down year-on-year. What would explain this weakness? And when do you think we can start to see some nonlinearity in this growth where your EBITDA is actually growing faster than revenue? That's my first question, sir.

Okay. The aero part of it is clear to me, sir. When I look at the non-aero revenue, that on a per pax basis is rising only 2% to 3%. And that, I think, is also contributing some to the slow EBITDA growth. So I'm just trying to see when the non-aero revenue per pax can grow faster and which can probably translate into faster EBITDA growth. That's basically the angle where I'm coming.