My first question is on the Consumer and Bazaar. Can you give us a bit more understanding about this sharp 15% volume growth which we have witnessed in the 4th quarter? Was there any trade channel stock benefit or build up in the fourth quarter? And how should we see the trend going ahead?
Some trade channel benefits in anticipation of price hike we would have been seen.
Sir, on the consumer business side, we have seen acceleration both at volume and at the value growth level, while B2B business, if I look at, there is a bit deceleration on the growth side, especially on the volume side. Given the base for B2B is also high, do you think that this 1Q kind of a growth should be the kind of a growth run rate for the coming FY '26?
And on the consumer business side, we have seen EBIT margin, which was, I think, the highest in the last 18 quarters. So any kind of a benefit which we have seen this quarter? And how should we look at this margin profile for the year? Although you alluded that for this year, given the RM benign cycle, you still see the kind of sort of a margin expansion trajectory for the year. But how should we look at the segment from the year's point of view on the margin side?