Good afternoon, sir. Thanks for the opportunity. So continuing on the Innerwear piece. If you can clarify what is the GT channels contribution in your entire mix?
The trade, yeah.
Questions across 8 calls
Rajiv Bharati
Nuvama
Aditya Birla Lifestyle Brands Limited
Lemon Tree Hotels Limited
Good afternoon, sir. Sir, you mentioned two numbers, one Rs. 1,800 crore and Rs. 900 crores. This you are stating for FY27, is it? Because the Slide 20 you mentioned, which is Rs. 509 crores in 2025 and plus, let us say, Rs. 100 crores, which is sitting in, you know, the EBITDA number, which will come from standalone entity the Rs. 600 crores. You are saying this number by 2027 will go to Rs. 900 crores?
And this includes inorganic also? Or this is your all organic from the current portfolio, sir?
Chalet Hotels Limited
So my question is on Airoli. So as and when this approval comes in, I mean, do we get, let's say, additional FSI there? Is there any chance we increase the room count or any other facility in the thing? And are we still sticking with the Hyatt brand? And i s there a chance that we move to some other brand or Athiva by any chance?
So this is again with regard to the previous question. So you – your Faridabad asset, because it's largely MICE-driven asset, it should be clubbed in the F&B part of it. It should have a significant contribution of F&B. Isn't it?
No, I was just thinking that -- because this was not in the base. And if you were to strip out the contribution of F&B from this asset, then the 8% number would come down even further on -- purely on F&B income.
Page Industries Limited
Yes. Thanks for the opportunity. So, this is regarding JKY Groove. So this looks exciting. So the question is product market fit which you talked about. The way you offer this in trade channel, is that a marker to suggest that you have established the product market fit? And the continuation of that is the success of various launches, extensions, which we have seen over the years has gone down. How does trade actually accept this kind of launches?
Yes. Thanks a lot, sir. And all the best.
Bata India Limited
Sir, I'm on Slide number 14, the inventory reduction part. So -- and there, you mentioned that aged part, right? So, is it safe to assume that this 16.5% or the delta between the 2 is basically largely each inventory reduction?
I mean, what I'm implying is looks like close to INR250 crores is the aged inventory out of the INR765 crores. And I was just wondering that the inventory turn on rest of the portfolio is upwards of 3, 3.5, is it?
Yes. Thanks for the opportunity. Sir on slide seven on Hush Puppies. So is it because you're spending on more on COCO stores and that count has grown by 20%, but your revenue is still up 4%. So are these one is, are these stores smaller than the usual ones? A nd because we are spending our money there, why the turnover is still lacking there First-off.?
Sure. And is it possible to call out what is the saliency of Hush Puppies in your entire business currently or how it was pre-COVID?
Aditya Birla Fashion and Retail Limited
Sir, on the ABFRL demerged entity, if we were to add back that INR97 crores on the gross margin side, then the gross margin is basically up by close to 300 basis points. And on the post- Ind AS EBITDA is adjusting to the same thing, is up by 410. So the cost of retailing, which is the gap between the two is up by 130 basi s points. And this includes your store closure effort and also you said leverage on procurement stuff. But 130 basis points for the entire, is there more juice left here which probably we will see in the subsequent quarters or this is it?
Sure. Sure, sir. Just one thing on your acquisition in the Ethnic side, TCNS, you said it will be profitable by FY '27, is that right?