In Aurika, the occupancy has declined by 2%. So, can we assume this decline is majorly due to Udaipur?
As price ARR increase of 5% is all because of a change in product mix in Aurika Mumbai?
Questions across 27 calls
Sumant Kumar
Motilal Oswal
Lemon Tree Hotels Limited
Jain Resource Recycling Limited
Yes. So, my question is how much percentage of raw material we are getting from State of Hormuz, number one. If the raw material is stuck there, how are we going to -- do we have a hedging policy? Do we have -- are we going to hedge that material again, if it is going to be delayed? And how it is impact on our overall hedging cost and all?
If it is going to be delayed, we have to hedge again, right?
Syrma SGS Technology Limited
So can you talk on the IT and railway? We have seen a 182% growth. So can you talk on more sub-segment, how other sub-segment and what are the key drivers for the segment?
The Indian Hotels Company Limited
So, can you talk on the current scenario, how the city-wise impact or any benefit of, say, lowering outbound? So how is the scenario for the hospitality industry?
What about the current scenario, say, in the month of, say, April and the current month, how is the business considering current scenario?
Hi, Puneet. Can you talk more about the forward booking? Also, how has the October month already completed and how is the forward booking for November-December?
And talking about subsidiary performance, we can see the UK has done extremely good in H1 FY'26. And also, when you see the particularly in margin front, also the PM hotel has done well. So, what about the US and we are hearing about the US entity, what we are planning to dispose. So, assuming all the international business, US and UK, UK is doing good. So, what is the plan we have for international business?
Hi sir. So I have seen Taj sets margin in this quarter is lower. So what is the key reason for that?
So considering current scenario in international market, do you think the U.S. and U.K. business is likely to see a challenging year for these 2 subsidiaries, FY '26?
Puneet, can you talk about Taj Branded Resi dents more? What are our plans a nd how are we going to do more launch in more cities?
Okay. Can you talk about -- you were talking about July recovery in the business. So can you talk about how the ARR is going to grow in the month of July or August, con sidering the pent- up demand you are talking about in some market, because the market was -- because heat wave and due to general election? So have you seen some pent-up demand? Can you talk about that? And how is the ARR growth?
Gravita India Limited
So, my question is for the copper segment. How the existing yard and overall sourcing of lead and other raw material after using to copper is helping and how much we have to expand to other geographies or also other yard to have more sourcing of copper?
Existing network is helping you?
Tata Chemicals Limited
My question is for US. Sequentially, we have seen an improvement in EBITDA okay, from last profit. So, can we say this is because of you have cut down your export where you were making losses? And also if it is so, what is the mix of domestic sales for US and export mix?
Regarding fuel cost, in this quarter, how to what extent we have an impact because of higher fuel cost in the market across geography?
So, Sir, can you talk on standalone operating performance when we see Y-o-Y significant improvement? So, how is the contribution of salt this quarter, the operating profit side, and soda ash?
What I am asking in this quarter, when you see Y-o-Y, the salt and operating performance improvement and soda ash improvement in this quarter, what was the key reason for that?
Sir, considering your competitor numbers reported today and they have shown a good operating performance, but for our Soda ash India business looks muted despite volume growth in salt and soda ash. So, is that because of some we are selling more on contractual basis or we have a lower spot sale?
So, when we see the overall cost scenario for India business, energy cost and any other cost and that is mostly stable, and our volume has also increased in soda ash and salt, but still we are showing muted numbers. So, you are talking about the employee cost has increased for us?
Data Patterns (India) Limited
So my question is regarding the working capital. So we are still in cash conversion cycle of 345 days. So I understand the nature of the business, okay? So in any way, what is the key steps, key initiatives we have so we can reduce this cash conversion cycle to a lower level? And what is our target for, say, next 2 to 3 years for this?
Okay. So that is not included in this cash conversion cycle?
PI Industries Limited
Yes. So, my question is regarding Pharma business loss in H1. And when we can see a positive trajectory in the coming year? And what is the key molecule development happening in that segment where we can see momentum and profitable growth.
My question regarding CSM. We have seen a muted performance in Q2 in CSM segment. How you are talking about recovery going forward. So, can we see some single-digit growth in Q3, Q4?
Yes. So, in CSM, we are going to launch 8 to 10 molecules in this year, in FY26. And earlier, we have seen the momentum was 50% of this. So, how are we going to plan for CSM and how is the growth momentum in the coming FY27 -28, considering the product launch is going to accelerate?
And what is the CAPEX and tax rate guidance for FY26?
Sir. So, for domestic business in the last two quarters , we have seen 6% growth. When we see the industry , growth is in higher single digit or double digit and other Agrochemical companies are performing. So, is there any issue with any product where the price is declining apart from what institutional sales de-growth you are talking about.
Coromandel International Limited
Sir, can you talk on the crop protection side, how is the export business performing?
And profitability is better than that? Profitability growth?
SRF Limited
So, In Specialty Chemicals, when we talk about healthy revenue growth, is it primarily driven by newly launched products, or are existing products contributing more significantly to the growth?
And considering our current scenario, can we assume chemical business, what margin we have shown in Q1, it is going to continue in Q2?
In our PPT, we mentioned about focus on maximizing HFC production for quota requirement between 2024-2026. So, can you talk about how much R32 capacity expansion we can do under quota system?
But how much can we expand on the quota? What are the limits we have?
TATA CONSUMER PRODUCTS LIMITED
Yes. So my question is for the Capital Food and Tata Sampann. So how is the penetration in our distribution channel for these products? Sunil D’Souza: Sumant, effectively, we have grown distribution significantly in Capital Foods. When we had taken them over, it was about 3 lakh outlets, if I'm not mistaken. We have more than doubled that number as we have gone in. So that is not an issue. Like I said, the reason for the throughput not coming through on Capital Foods is various other transitory issues. Distribution execution, both in Capital Foods and Organic India, I mean, has been the easiest to deliver.
What we are expecting the post-acquisition of Capital Food, the availability of that product and synergy benefit what existing channel we have in urban and also in some other cities. Hope that is going to exceed the growth of Capital Foods, and that is not happening. Sunil D’Souza: No. So Sumant, here's the thing. Like I said, growth has happened. On the secondary level, we have delivered a 22% growth on Capital Foods, right? The number which you are seeing is our reporting, which is the primary numbe r. So distributors selling to outlets and delivering the number, 22% has got delivered. Organic India, 32% has got delivered. So that is not the issue. It is the various other hiccups, which you've got to solve for. And I think, Vivek, you're back on the call.
Varun Beverages Limited
Can you talk about the overall growth we have seen 6% volume growth? How is the Tier 2 - Tier 3 cities and rural doing compared to urban?
And when we talk about the margin expansion, the operational efficiency we are talking about, in the last couple of quarters we have seen the benefit of low sugar usage and also the thickness of bottle. How currently we have said 49% low sugar and also in bottle size , we are also reducing the weight of bottle. Till what quarter can we see this kind of improvement in margin from these two activities?