Kunal Bhatia

Sir, we have spoken a lot regards omni as far as Pantaloons is concerned and also the online businesses in general, getting more traction. But could you give some sense on how the competition is panning out ? So, are we seeing more competition even from the other players, especially on the overall online business is concerned?

Okay. And so in case of TMRW to get to that profitability target, with current situation wherein we will be having a INR500 crores NCD, INR440 crores equity infusion, would we be requiring more debt to fund this growth? Or the INR800 crores of cash, which we would be having should be enough to fund that growth in order to get to a profitability level?

Okay. And sir, my second question is in terms of the overall raw materials. So, you would be obviously having your forward bookings for the coming season. So, what is your anticipation specifically on the ABFRL level? What is the kind of inflation? I'm not talking about industry in general, but for you per se, what is the inflation which has already kicked in for you for the next 6 to 7 months?

Yes. Hi, sir. Thanks for the opportunity. Sir, I basically wanted to understand looking at the current scenario wherein due to the energy crisis, everybody is talking about getting more self-sufficient. So, how about your consultancy order, especially from the India side? Are you all getting more enquiries? Are things fructifying on that end? Could you give some sense on that?

Okay. How about, say, the demand from ONGC like you got an order from IOC and also? But from these other oil and marketing companies and even on the refining end, are you getting any more traction or any more enquiries, anything which you would like to share?

Okay. And sir, also in terms of your business in consultancy, we did have this quarter, whether it be consultancy or the other business, did we have any kind of one-offs or any kind of write-backs which aided the margins, because even consultancy this Q4 time was a very high margin at 29%.

Yes. Sir, if we look at the overall numbers, like, a, what gives you the confidence that Q4 would be a better number, taking into account that there has been already some shift in the movie launches to the next year?

Yes. Sir, but -- so going forward, say, on a medium - to long-term basis, how does one have a certainty or a predictability for the events business?