Stockrabit · Analysts
Questions across 3 calls

Umang Shah

Banyan Tree Advisors PMS

Honasa Consumer Limited

Honasa Consumer Limited CC-May26.pdf · 2026-05-21
Just had one observation. Our advertising expenses had grown at 6%-odd for the full year, while other expenses actually declined. I just wanted to understand what led to the two. And going forward, how do we balance between margins and sales growth? Just w anted to understand in terms of reinvesting in the brand or in terms of expanding distribution.
Great, sir. And sir, any reason for decline in the other expenses for full year and for Q4? Raman Preet Sohi Yes, hi, Umang. Raman this side. So I think when you look at Q4, and of course, even year-on- year, there is, like what we mentioned during the initial part of our conversation and presentation, it's not like-for-like because the reported numbers are taking the impact of Flipkart settlement and the GT charges that have reduced our realization and also the expenses or distribution expenses that it charges have also gone out of our P&L. So the other expenses that you see around 15% for Q4 are actually around 18%. And last year, it was about 22% same quarter. So the 300,400 bps reduction is largely due to the leverage and the scale benefits and everything, but the bottom line is more for like-for-like.

International Gemological Institute Limited

International Gemological Institute Limited CC-May26.pdf · 2026-05-20
Hi, sir, good evening. Thank you for the opportunity. Sir, first question was, in the previous quarter's presentation, we had given our market shares and in those natural diamonds loose, our market share was almost 55% to 65%. Sir, our understanding was that we are the second largest player in natural diamonds, not the largest ones in terms of certification. Can you just clarify this?
Would you be okay calling out our global market share in natural diamonds?

ICICI Prudential Life Insurance Company Limited

ICICI Prudential Life Insurance Company Limited CC-Jan26.pdf · 2026-01-13
Hi, sir. Thank you for taking the question. Sir, first question was, what was the rationale of transferring the pension management subsidiary to ICICI Bank? This was the first question. Second question was, in partnership distribution, how much revenue or how much premium would be coming from online aggregators? That was the second question. And third one, do we continue selling zero surrender products or have we discontinued them all altogether? Just these three questions.
Okay. Considering that it's a long-term product, we would have thought that life insurance company and pension fund management will have a better synergy as such.