Varun Singh

Okay. So my question is, given the fastest growth in the e -commerce channel and also the rise of so many D2C players on the sales channel, maybe as I just wanted to understand that what are your observations with regards to the competition, which is shaping up? Who would you consider to be something like a respectable competition in the men's innerwear space?

Understood. And in the offline space, given such a rapid rise in the organized retailers cohort, I mean, all from the private label retailers and ethical price disruption, etc., , which is happening into the space, do you think these so-called retailers are building up, maybe respectable competition to us in our space itself? I mean what is your view on this part?

Yes. So retailers like Westside, Zudio Zmart, H&M, Zara, Marks & Spencer, everyone is also present in our space. So and given the rate of growth through which the store expansion, etc.,, is also happening, so in that context, just wanted to understand from you that you think like these retailers are building up a respectable competition to us into our segment?