Questions across 4 calls

Tejas Shah

Avendus Spark

Jubilant Foodworks Limited

Jubilant Foodworks Limited CC-Nov25.pdf · 2025-11-13

Hi, Sameer and team. Thanks for the opportunity. Sameer, you called out two interventions that impacted margins earlier, free delivery and then more focus on value launch. But somewhere this initiative has also helped us to unlock the demand and deliver ro bust LFL versus industry. So, now on this base to deliver LFL which should be healthy, would you need to unlock more benefits or the current status is good enough in terms of consumers’ value proposition?

No, no, I got my answer. Commentary and your enthusiasm also on the call today is it because of QSR this season. So, first of all, what is your read on demand on ground? And is it largely our micro efforts or bottom -up efforts which is helping us to gain market share? And second, are you seeing any divergence in demand in areas which are IT sector dominated, especially centers of IT parks and other areas?

Jubilant Foodworks Limited CC-Dec24.pdf · 2025-02-12

Hi, Sameer. Hi team. Thanks for the opportunity. And congrats on a good set of numbers. Sameer, the first question is, our delivery is gaining traction and then doing phenomenally well. But despite multiple interventions that you would have done in last few quarters o n dine -in, that is not responding as expected. So, any insights on that? Any challenges or competitive landscape which is different from delivery here?

Sure, very clear. And second and last. The LFL and margins relation here. So, LFL recovery, just wanted to understand, a very technical angle also here from here on as most of our split stores which were not part of LFL club for the last two, three years must be returning, and those are usually good locations which were split. And hence we are seeing very sharp recovery in LFL, but commensurate margin expansion is not happening, or there are any other reasons? Because we expected with this LFL much higher margins in this quarter.

Asian Paints Limited

Asian Paints Limited CC-Nov25.pdf · 2025-11-12

Hi, thanks for the opportunity and congrats on recovery. So, just in your presentation, you called out that part of translation from volume growth to value growth is also missing because of rebates. Just wanted to know how are we tracking and how is the overall industry also tracking on that front? Has the intensity on that particular line item come down?

Pidilite Industries Limited

Pidilite Industries Limited CC-Mar25.pdf · 2025-05-09

Hi Sir, thanks for the opportunity. Two questions pertaining to Haisha. So just wanted to understand our go-to-market strategy, especially when the incumbents are complaining that the cost of shelf has actually gone up too because of the competitive intensity. So how are we going about it? Second, at what scale or repeat purchase trigger or channel readiness, would you be confident to take Haisha pan India? What is the key trigger that we are monitoring for that rollout?

Perfect. Very clear, sir. Thanks and all the best for coming quarters.