Madhav Agarwal

Hi, thanks for the opportunity. So, sir, my first question is on if you can share that what was the revenue mix like currently in the let's say in Q1 of FY27, what was the revenue mix on the basis of karats? So, how much revenue came in from 22 karat, how much f rom 18 karat, how much from 14 k arat?

Right, right. So, sir, if I understand this correctly, from a consumer behaviour perspective, customers generally have a fixed budget, right? As a result, they may be buying lower quantities of gold. However, when it comes to karatage, they still seem to prefer 22-karat jewellery. Some players have even introduced 9-karat products. Is that a fair assessment?

Right, right, right. Okay. And like second question is on you know diamond. So, I want to understand is that like the out of the diamond jewellery, so if let's say a customer comes back to you let's say in case of old gold exchange program, so like what is the recoverable value of the diamond component within the studded jewellery that that you sell?