Ronak Shah

Hi, team, and thanks for the opportunity. I have multiple questions. So first is on the Feed division. In opening remarks, the management is highlighting around 11 -12 lakh odd MT offtake of the feed, which implies we can see a flattish kind of feedofftake, wherein sir is highlighting regarding incremental positive farm get price related benefit and all. Is there something I am missing on?

So, haven't we any taken price hike into the fourth quarter?

Second question is on the export front. When the management is aspiring for around 19,000 odd MTs export in FY27, which implies like 10-12% odd sort of growth. But when we compare it with the peers or even the benefit of FTAs, doesn't the management sound bit conservative on that front? Or am I missing something over here?

Hi, team, and thanks for the opportunity. I have multiple questions. So first is on the Feed division. In opening remarks, the management is highlighting around 11 -12 lakh odd MT offtake of the feed, which implies we can see a flattish kind of feedofftake, wherein sir is highlighting regarding incremental positive farm get price related benefit and all. Is there something I am missing on?

So, haven't we any taken price hike into the fourth quarter?

Second question is on the export front. When the management is aspiring for around 19,000 odd MTs export in FY27, which implies like 10-12% odd sort of growth. But when we compare it with the peers or even the benefit of FTAs, doesn't the management sound bit conservative on that front? Or am I missing something over here?

Yes, sir. Thanks for the opportunity. So , my first question is regarding to the processing business or the export, both from the industry and Avanti's viewpoint. So , once our shipments have started reaching to the territory where the tariffs are taking place at 50 -odd%, are we seeing discounts or some sort of passing of the tariffs from the customer and to the companies in India?

Okay sir. And my, sir, second question is regarding to the overall guidance. So when we look to the conversation which we had till now, so we are seeing the higher tariffs. They can be the second crop is looking, sir, difficult. So, on top of that current heavy monsoon and all, which has infected some crops.

Yes. So, just refining my question. So, I just want to understand when management is giving a guidance of 5.5 lakh tons of sea feed sales and on top of that 17,000 of exports of the aqua product. So, how confident we are? Because as highlighted, just in short term, we are not seeing any impact, but in longer term, it may impact. So, how that?

Yes, sir. Thanks for the opportunity. So , my first question is regarding to the processing business or the export, both from the industry and Avanti's viewpoint. So , once our shipments have started reaching to the territory where the tariffs are taking place at 50 -odd%, are we seeing discounts or some sort of passing of the tariffs from the customer and to the companies in India?

Okay sir. And my, sir, second question is regarding to the overall guidance. So when we look to the conversation which we had till now, so we are seeing the higher tariffs. They can be the second crop is looking, sir, difficult. So, on top of that current heavy monsoon and all, which has infected some crops.

Yes. So, just refining my question. So, I just want to understand when management is giving a guidance of 5.5 lakh tons of sea feed sales and on top of that 17,000 of exports of the aqua product. So, how confident we are? Because as highlighted, just in short term, we are not seeing any impact, but in longer term, it may impact. So, how that?

Yes. Hi, team. So thanks for the opportunity. Sir, my first question is regarding the Comfort Click. So sir within the Comfort Click, what is driving this sharp growth? So in the PPT, you have highlighted a newer geography addition, on top of that a new platform addition.

Understood. Understood. Just a small follow-up from the bookkeeping perspective. So now the annual numbers are in, how the INR terms consideration and amortization amount will look like?

Okay. And from the INR term overall consideration perspective, what can be the amount?

Yes, sir. So first of all, can you highlight what can be the quantified impact of the GST 2.0 implementation on the reported top line in the second quarter? And how do you expect these to normalize going into the third quarter given the ongoing adverse monsoon seasons, which we are seeing?

Okay. Got it. Sir, my second question is on -- that -- despite one-off cost of the acquisition- related costs, which has accounted for the exceptional item, despite that our reported EBITDA margin stand relatively lower compared to the last year.

Okay, sir. And sir, lastly, as the acquisition has been done, are we seeing any structural or operational intervention by the Zydus Wellness into the Comfort Click operational to have a different sort of growth trajectory or profitability metrics right now?