Questions across 6 calls

Nattasha Jain

Phillip Capital

Whirlpool of India Limited

Whirlpool of India Limited CC-May26.pdf · 2026-05-22

Thank you for the opportunity. Sir, first question is on refrigerator. So, the past couple of years we've seen that the industry growth here has been pretty much flat despite it being a cooling product and summers being good. So could you throw some light as to what's happening in this category? I understand even penetration is not that great here. So, why is this category being a laggard in terms of appliances?

Got it. So do you think a BEE rating kind of a thing in refrigerator could pump up the demand?

Amber Enterprises India Limited

Amber Enterprises India Limited CC-May26.pdf · 2026-05-18

Thanks for the opportunity and good morning gentlemen. I just have one question. So recently, there was a news article that government has imposed import restriction on RAC compressors and other appliance compressors. So sir, could you help us understand the industry dynamics, what is the manufacturing capacit y in India? How much Amber as a company manufactures? And do you think this and next year could see some pain in terms of shortage there?

And just one follow-up here. So can we say at least for this calendar year or rather FY '27, there will still be a shortage of about 40% given industry will grow at 12% in terms of volume?

Amber Enterprises India Limited CC-Feb26.pdf · 2026-02-10

Congratulations on a very good set of numbers. Sir, my first question is on RAC. Given that there was a push in the third quarter on account of BEE and then there was low -cost inventory, how should we see fourth quarter? I mean, from a very near-term perspective and then calendar '26, given that there is high amount of inflation and the entire GST benefit probably is written off and the cost could be even higher than that. So how should we read calendar '25 -- '26 from an RAC point of view?

Sir, this would be value growth that you're talking about or just RAC volume?

R R Kabel Limited

R R Kabel Limited CC-Jun25.pdf · 2025-08-01

Congratulations, sir, on a good set of numbers. My question is more export based and more macro-based rather. The tariff that's there on copper, sir, can you just help us understand is it like a blanket tariff both on wires and cables or does this supersede the existing country tariff? So first question is that?

Got it. So sir, maybe I'll ask this the other way around. So even if I just assume that it's a 50% flat tariff irrespective of the country tariff because if I see country tariff, we are at a disadvantageous position now because I think South Korea, Vietnam, Japan, Germany; all of them have lower tariffs than us and they are bigger exporters to the U.S. But if I just consider 50% tariff, sir, do you think is it possible for any company in the Indian space to pass on that kind of tariff? If not, then do you think eventually this will become a very volume-driven market for us? And whatever we said that U.S. is a high-margin market, does that then slowly taper off? Because then you will have to probably eat up your margins a little and just play on volumes. Do you see that happening in the future?

R R Kabel Limited CC-Mar25.pdf · 2025-05-05

Congratulations on a good set of numbers. Sir, one clarification. You mentioned in your opening remark that your sequential growth for Wires & Cables is completely volume-led, right?

Okay. And sir, I heard you earlier today in a TV interview, you had said that for FY '26, you were planning a volume growth of 18% and your 3-year plan, per year your CAGR is 18%. So is it fair to rather deduce that in this industry, it will mainly be a volume-led growth and pricing advantage won't be there, especially given the competition coming in?

Dixon Technologies (India) Limited

Dixon Technologies (India) Limited CC-Dec24.pdf · 2025-01-20

Sir, firstly, congratulations on the brilliant scale -up of your portfolio of brands and within the stated timeline. I have two questions. One is, until Diwali, there was slight cheer in the market. But post that, we've seen slowdown in all the white good categories, barring room air conditioner. Now you're not there in RAC definitely. But on the other side of the white good category, sir, what are you hearing from your customers in terms of the near to medium -term demand? How is the market shaping up?

Understood, sir. And sir, my second question is a couple of weeks, rather a month ago, we read on the secondary sources that Apple is now looking into diversifying its supplier base for component assembly, especially on the non -iPhone portfolio. So Dixon has always maintained a stance that we want to become leaders in the non -Apple ca tegory or the non -Apple ecosystem. Firstly, are we still maintaining that stance? If not, are we in talks with Apple or any of their partners for AirPods or all the other non-iPhone category?