Stockrabit · Analysts
Questions across 5 calls

Vismaya Agarwal

Citi

United Spirits Limited

United Spirits Limited CC-Dec23.pdf · 2024-01-24
Hi, team. Thank you so much for taking my question. Just one question here on the other expenses. And I do remember a couple of quarters ago, we had this discussion where you explained that there's a variable component and hence, it moves in line with the top line. But now when I look at it sequentially, Q2 and Q3, they're very similar from a net sales value perspective, very similar from a volume perspective. And still, we have a big savings in other expenses. So, can you just elaborate on what are the drivers that led to this benefit? And is it more sustainable if those benefits do they continue? Or how to look at that going ahead as well, please?
Yes. Yes.

Varun Beverages Limited

Varun Beverages Limited CC-Mar25.pdf · 2025-04-30
Hi, good afternoon, sir. So just a continuation on the previous question on South Africa. At the time of the acquisition , the own brand salience was the larger chunk , Pepsi was just 15%. If you could share some update on what's the salience now of own brands versus Pepsi and also if you could share the 13% volume growth for that business that you have called out. Any trends in own brands versus Pepsi there as well please.
Got it sir. Thank you. And just one more on the India business , now in terms of the realization per case that we see here which is up 1.8% this quarter and historically you have maintained that the long term trend should be closer to 2%. But I just wanted to get your thoughts on is there some risk on this growth near term next say one year or so given the kind of consumer promotions that we have seen in the industry or do you think there are levers mix perspective any other levers that can help you?
Varun Beverages Limited CC-Sep24.pdf · 2024-10-22
I had two questions here. One is more strategic when you talk about the opportunity of expanding territories and growing and whether you have maintained that as a key growth lever. Now, in that front, which is a bigger priority? Is it expanding new territories into beverages like that you have done in Africa or do you think that the India business itself has some white spaces in adjacent categories that you could look at? And I am mentioning adjacent because again, you have always maintained that we are not getting into any category that competes with PepsiCo's portfolio here. more separate from beverages. Just your thoughts on that, please.
If I may follow up on that. What I understand is India, you are happy with the portfolio here, while yes, you didn't mention earlier on the call that Jeera is, say, a subcategory that you could look for, but nothing beyond beverages at the moment in India, right? It's predominantly Africa.

Honasa Consumer Limited

Honasa Consumer Limited CC-Jun24.pdf · 2024-08-09
Hi Varun and team. First of all, thank you for the new segment on the presentation, the insights on the BPC category. I had a couple of questions. So first, can you share some detai ls on the growth rate for Mamaearth, some colour on the primary sales for the brand and maybe an update on the performance for the brand across different channels? I'm asking this in context of the distribution project that's ongoing. So just some colour, please.
Got it, Varun. So what I meant was not exact numbers, but maybe from some qualitative comments around, say, is it on track to that double -digit aspiration that you've had for the full- year base? So not just the quarter performance, but more on the whole trend, the way this brand is trending. But I hear you on the market share bit. Yes, and just one more bit here. I do see the inventory levels that you've shared for specific categories for Mama earth, but on an overall basis, I just want to get a sense that slide that you have on Project Neev where you mentioned the 30 to 45 days inventory across the channel partners. Is that the current number or is that what you want to target eventually once this sort of initiative is complete?