My question is regarding you have added alcoholic beverages as a category. So can you talk a bit more about that? When you want to enter like what products and when we can start?
Okay. So this is strictly for out of India, right? This is not for India?
How prepared are you for the next season? I mean, capacity expansion wise in that aspect, I'm asking.
Okay. And as far as the acquisition of some companies are concerned, I mean in which areas you are looking for it and how to use the capital which you have?
If you look at the newly commissioned four capacities which you are talking about, how much would be the total capacity, if you can quantify, excluding the newly commissioned four capacity plants we are talking about, excluding the capacity.
Just wanted to get a sense like how much these new capacities have contributed in Q1.
Sir, if you could briefly elaborate on what has been your learnings in the last 1 year, understanding the South African markets?
In terms of margin levels so far, what you have seen, the margins are similar to the Indian levels or like how they are?
My question is regarding what could be the CAPEX for the next upcoming year?
Now considering you have approved the fundraising; would that change anything?
Yes. Is it possible to give the volume growth or how many million cases BevCo sold in the last season, which is the fourth quarter?
The entire financial year, you are saying?
My question was regarding, I know it's been only few months you have taken out on BevCo. But could you share some vision on that where you want to take it? What kind of size it can become in terms of overall portfolio for Varun Beverages?
Okay. So, like volume-wise, it is lesser than India, but the realization will be much higher, right?
My question was actually a follow -up to the earlier questions asked about tapering of growth. If you see the percentage growth, it has been coming off, even though you mentioned that you are choosing the growth which is favouring operational efficiency. So just wanted a thought on that because earlier, it was around, say, 28% -30%. Last quarter, it was around 24% -25%. This quarter is closer to 20%. Just wanted a thought on that and your guidance on that.
Okay. You maintained the upwards of 20% kind of growth with expanding margin on a medium-term basis?
Good morning. My question was regarding segregation of segmental revenue between India and outside India. If you look at the revenue growth for outside India it is about 25% but when you look at that the margin growth it is around 7% to 8% . Does that mean there is compression in the margin ? And that is around 70% of the overall business. Can you articulate what is the issue on that front?
Okay, but if you look at the margins within India and outside of India excluding the developed markets, what kind of margins are comparable to India?
My question was regarding this kind of growth you have sustained for a couple of years. So what would be the next figure of growth? That would be the existing RAC business or like you are looking at some other categories to propel the growth in the coming years, of say, 30%, 35%, which you have mentioned? That's the first one.
So for, let's say, a year or so, this existing business would be the growth triggers for you, right?
Yes. Given how the 9 months have performed, you had earlier given a 3-year guidance. So do you think you would have to revise that guidance?
Okay. And what about the EBITDA margin, sir? Do you think there is scope to move upwards from here on? Or it would be somewhere in a similar range of 13%-odd?
I just wanted to check with this lower revenue growth than earlier projected. Is there any impact on your long-term goals which you had earlier stated 3-year goals?
Yes, I was asking whether -- with the lower growth in the revenue because of the industry performance in tiles industry, I just wanted to know whether there will be an impact on your guidance, which we had earlier given 3-year goal?
My question was regarding the cost of material consumed, the percentage of revenue has gone up by approximately 2% can you share the rationale behind that, from 90 to 92?
Okay. Next thing is on the, you just mentioned a couple of minutes back that you are looking at the other high margin business, which would be increasing your overall margins. So, currently you are at 3.6 by when we can see the inch up in margin, how much time it will take for that , that business will start contributing meaningfully to the overall business?
My question was in last year's AGM.
One second. Is it clear now sir?
My question is regarding, now you are venturing into so many new ventures. What kind of capital expenditure you would be doing? And any need for requirement of capital for that? As we've already mentioned, if it arises with any go for it. That's the first question.
[inaudible 60:50]
Your first question is, how do you plan to utilize the IPO proceeds and capex for the current year? What will it be?
Okay. So, earlier you had mentioned that you will be looking for strategic acquisitions. So, for that you will have to raise proceeds from the market as you will be utilizing this?
As you mentioned little while back 40% is still a commoditize portfolio so when the Raipur plant hits 100% capacity where can this number settle?
So the 40% which you mentioned will be 30% at full capacity utilization of Raipur plant?
Good morning. My question was regarding you mentioned about doubling of revenue from FY2024 for electronics division in two years and doubling of revenue in two years for railway systems and mobility division as well. I just wanted to know what is your long-term strategy on both these, you are mentioning 2.0 for electronics and railway subsystem 3.0 for Amber, just wanted a broad long-term view on these two aspects?
Just one number I wanted for FY2023 what was the re venue of electronics division and what was the revenue of railway sub-systems?
Yes. My question was regarding FMEG. You have been highlighting that it would be a 10% margin business. But given the state of the business currently and given the sentiments, I mean, what kind of a target you would be looking at for that? You have stated a t arget of 10%. And when it can turn into black? And excluding A&P spend, what would have been the profit this quarter or loss this quarter?
Yes. And the clarification on normalized profit excluding A&P spend, what would it have been?
Yes. My question was regarding the INR46 crores NPAs, which you talked about. I mean, can we see this kind of run rate also goi ng forward? Or are you seeing -- do you think they will be moderating in the upcoming quarters?
Yes, yes.