Questions across 4 calls

Utkarsh Nopany

BOB Capital

Kalyan Jewellers India Limited

Kalyan Jewellers India Limited CC-Nov25.pdf · 2025-11-07

Sir, my first question is regarding your Kalyan, Indian operation. So if we see stores revenue growth based on the data which you provided in the presentation, the Indian operation and the franchisee revenue share, then what we see that our COCO stor es revenue growth has been consistently trending down for the past 5 consecutive quarter. So earlier, we were doing around, say, 17%, 18% kind of a revenue growth, which fell down to around 7%, 8% growth in FY '25 and it fell down to 3% in Q1 of FY '26. And now if we see in this quarter, it appears that our revenue growth of COCO stores has degrown by 1% despite the steep rise in the gold prices. So sir, can you please explain the rationale for the same? And I wanted to understand from the context that are we losing market share in our COCO stores.

Sir, can you please explain once again? I'm not able to understa nd. You are saying that we are seeing an SSG growth of 15%, 16% in our COCO stores. So how come the revenue growth is turning down to be negative in this quarter?

Astral Limited

Astral Limited CC-Jun25.pdf · 2025-08-12

Yes. Hi. Good evening, sir. Sir, my first question is regarding your pipe realization. So, if we see it was down at a much higher pace on a Q -on-Q basis compared to our peers, despite we have a low exposure to the agri -pipe segment, and we have a high expo sure to the CPVC pipe portfolio. So, wanted to know whether this is because of steep decline in the CPVC resin prices in the June quarter. And if you could also quantify what has been the sequential change in CPVC resin prices in the June quarter period?

So, for you only, what has been the change in the CPVC procurement as per the June quarter on a quarter-on-quarter basis?

Kajaria Ceramics Limited

Kajaria Ceramics Limited CC-Dec24.pdf · 2025-02-04

Sir, my first question is like whether our understanding is clear that we are mainly dependent on outsourcing model to grow our sales volume as our domestic capacity operated at 105% rate in previous December quarter and our outsourced sales volume grew by 17% on a Y -o-Y basis in December quarter. And what could be our maximum capacity utilization for our domestic tile plant on an annualized basis, as per you?

No, sir. My point was that like our manufacturing sales volume is going to remain flat only going forward because what we are noticing that whatever the incremental volume is coming, that is mainly coming from the outsourced model. And is that going to continue going forward also?

Supreme Industries Limited

Supreme Industries Limited CC-Mar24.pdf · 2024-04-26

Sir, my question is regarding the pipe segment. So, sir, if we see our pipe plant operated at a decade high level at 75% in FY’24 versus like we have operated at around 65 % to 68% over the past one-decade period. And now sir, you are guiding that we are targeting to grow our pipe volume by 25% in FY '25, whereas our pipe capacity is only expected to grow by 13% in FY '25. So, sir, just wanted to understand whether we are likely to face any capacity constraint to reach our targeted volume growth of 25% in FY '25?

And sir, second question is on the margin side. If I see , there has been a steep increase in our pipe sales volume by 30% on a quarter -on-quarter basis. And the resin prices were also quite stable in the current March quarter versus it was quite unfavorable in the previous December quarter. But then also our pipe segment margin has slightly gone down on a Q -on-Q basis. Sir, can you please explain the reason for that?