Nitin Jain

So, my first question is on the product mix. So, the contribution for non-par has increased significantly YoY while par has gone down. How do you see this panning out over the rest of the year and what kind of impact do you anticipate it to have on the margin? And my second question is regarding your commentary last quarter on the FY26 outlook.

So, just to clarify, do we anticipate growth to pick up from H2 onwards?

And margins will continue to be range bound like within the 25-27 band? Or do we see a gradual uptick as the year progresses?