Thank you for the oppo rtunity. First question is just an observation on the employee cost year to date employee cost is up around 19% so some gaps which you identified and have filled up the positions or just if you can clarify since last two years we are seeing more than mid teens kind of employee cost growth, so first question on that.
Similar growth should we see going ahead also next four, five quarter?
Sir, first question is on Lloyd. So as you talked about margin expansion led by higher sales or operating leverage. Just on the margin front, so what are the other levers either the cost optimization or the gross profit side or price increases or the normalization of channel margins? Do you see other than operating leverage, what are the levers for margin expansion? And I mean just to add to that, washing machine and ref as a category are higher margin product than AC?
Okay. And just last question. The press release also mentioned about the incorporation of subsidiary in U.S.A.. For any specific product or if you can just throw more light on the purpose of the subsidiary?
Thanks for the opportunity. Just want clarification. So, the kind of mix change you have seen within the consumer also. Are we seeing based on our order book such changes in any of the other sub -segments, either positive or negative mix change in other seg ments? And one clarification is that, basically you are mentioning that by FY '25, mix would improve and that would give us not only growth, but margin-attractive growth, but that would be in FY '25?
Okay, the first part that any further mixed change within sub -segments you are witnessing any visibility based on your order book, the way you have seen in consumer between ODM and OEM?
Thank you for the opportunity. Sir, just want to understand at current what is the utilization of our existing plant and all the proposed expansions that you mentioned, timelines for the commissioning and basically what quantum of capex is being done in those facilities and the revenue potential? That is the first question.
Thanks for the opportunity again. I just want the clarification, whatever you can disclose regarding the OSAT. The tentative timeline for the first phase, what steps would be required, as you mentioned, that need some help from the tech partners. So what kind of timeline should we expect? And have you already committed or have done some capex or opex for this project already?
I just want to understand just a clarification. So the presentation mentions about the outlook that the current inventory rationalization may last for two more quarters, they relate to specialty chemicals. And in your comments, you mentioned that probably H2 would be better, Q4 should see better growth and overall growth for Specialty Chemical as a product segment. So just if you can just clarify better on the Specialty Chemical, that would be helpful?
Perfect. Clear. And when you say single-digit growth, that is for specialty chemicals, right, not for the chemical segment as a whole?
A question is on the mobile segment. So, as you mentioned about Xiaomi and timeline and Itel as well I think these clients are going to ramp up more towards the end of the financial year. The kind of jump that we have seen in Q2's revenue in the mobile, are there just a timing difference since they were not there in Q1 then we came up in Q2 or there is a c hange in order visibility from existing clients like Xiaomi, Itel and Motorola, just a clarity on existing client order books which led to this kind of growth?
Just one clarification. You mentioned first, Xiaomi and then Itel smartphones. Is it correct?
Sir, just want to understand as far as the room AC is concerned, so what is the situation of inventory with the channel as well as with the company?
And on the project side, the way the difference is there in say domestic and overseas order book, similar is the execution. I mean, how are the domestic projects doing? And will they be enough to offset all these kinds of one-offs with net any outlook on the project side net of all the provisions?