Lokesh Maru

Congratulations on excellent set of numbers this quarter. A few questions from my side. One is, as you know, if and all, if coffee prices go down from here, do you th ink our end clients will maybe wait out a few quarters or a few months to let the coffee prices bottom out and that could be a quarter or 2 maybe for us of some volatility in volumes?

So the same trend that we are seeing 10% - 15% growth during this time, you think given the category is sticky, this will continue, maybe it won't fall off basically.

Another question on tariff differential. If at all, there is a 10% tariff, let's say, so is it, does it give way to Brazil or does it give way to local manufacturers in U.S. to gain some bit market share?

Two-three questions. Assuming that there will no lower inventories, what kind of growth are you seeing right now or maybe what is your estimate for in the current situation say Q3-Q4, that is first. Second is as prices were down already we're on a declining trend.

Just one counter to that. Are we aware of how come the rate of steel has fallen right now, if our gap, which will be narrow, so why not to include that volume which we are forecasting later on the growth rate rather? Later we don't know, right , if steel prices increase, that is an unknown scenario. So, any thoughts around that, growth would be accelerated today rather than maybe Q1?. Please pardon my ignorance.

We have already rolled back the discounts and this 500 should flow through into our EBITDA anyway?

Thank you. Congratulations team on excellent set of numbers and the successful listing. I have two questions. One is on seasonality in volume off -take and margin mix over the four quarters of a year. And another is, what is the peak EBITDA potential or what are we expecting from the Fujairah Port in FY ‘25 and FY ’26, respectively? Just these two questions. Thanks.

Right. Seasonality in volumes and margin mix across our four quarters.

Sir just a follow-up on both the things. Fujairah $20 million to $22 million of EBITDA annually, right?