Questions across 7 calls

Vivek M

Jefferies

Godrej Consumer Products Limited

Godrej Consumer Products Limited CC-May26.pdf · 2026-05-06

Hi. Good evening, team. First question is on the personal care bit in India. So, Sudhir, can you just elaborate because the presentation slides talk about soaps have done well. And so is the case with perfume fragrances. And I think it looks like the powder hair dye has actually been under pressure. Can you just talk and elaborate a bit more on this?

Okay. And Sudhir, when you say India business is up, let's say, has grown by 10%, if Home Care and Personal Care have grown by 12% and 3%, respectively. I think the other portfolio has grown like 75%, which has added about 2.5, 3 percentage points, right? Can you just elaborate on what has happened there?

Lenskart Solutions Limited

Lenskart Solutions Limited CC-Feb26.pdf · 2026-02-11

Hi, Peyush and team. Two questions. First on the smart glasses, you are a very interesting company, you are at the intersection of, let's say, technology and glasses. But do you think, we have seen in case of, let's say, wearables in the past that there were a lot of factors who also entered into this wearable space and then ultimately brought down pricing and so on and so forth. So, two parts to this question. One, from an opportunity perspective, how do you think about it? And secondly, do you see a risk of let's say, a tech first company entering into the space? Because one can argue that smart glasses you wear only for specific occasions and you can always buy regular glasses from Lenskart and smart glasses from a tech first company. How do you think about that issue?

One more question, Peyush. Thank you for the response. The other question is, and I can't help but to ask you this. Your India business growth margin is great. International growth margin is great. And there are hundreds of inputs, I am sure. But Peyush, personally, or as an organization, what do you worry about the most?

Vishal Mega Mart Limited

Vishal Mega Mart Limited CC-Nov25.pdf · 2025-11-14

Hi, sir. My first question is on the SSSG numbers. Now, obviously, we have data only since the time you got listed and period around that, which has been double digit. I know this question was asked to you last quarter also, but instead of, let's say second half FY'26, if you take a, let's say two, three year view, where do you think this number, let's say, settles at, let's say in two years from now on the SSSG side?

I see. Okay. And second on the GST bit, GK, so I understand the part from a retailer standpoint, but what happens on the own -- so what have you done on the own label side, number one? And number two, the low GST will make you more competitive versus, let's say, the regional and the local brands, each of these markets. Is the second part of my point, do you concur with that? So, both sides, what have you done with the lower GST in the own labels and the second part?

Varun Beverages Limited

Varun Beverages Limited CC-Jun25.pdf · 2025-07-29

Hi, good afternoon , team. A couple of things. First, you mentioned about the cost savings in this quarter and India business. And I know every call we are discussing competition quite a bit, but do you think in the context of high competition, there is a merit in plowing back some of the savings in the form of generating consumer demand. I know the quarter was marked by these unseasonal rains, but how do you think about it from a more medium-term perspective?

Right. But you know, Mr. Jaipuria, in the context of, let's say , the rising competition and whatever media is talking about significant CAPEX investments by the new player, your margins are, let's say, 1st Quarter are fairly high at operating level. Do you still think that these margins are sustainable, or you see a need to, as you go forward, as the competition further picks up.

Jubilant Foodworks Limited

Jubilant Foodworks Limited CC-Mar25.pdf · 2025-05-14

Hi, good evening team. A couple of questions. First, more from an industry standpoint, what is your outlook? Of course, you are gaining share. But generally speaking, a lot of consumer, especially urban-focused companies are complaining about moderation in growth. So what is your outlook both from an industry standpoint and your ability to continue to gain market shares as we head into FY '26?

Got it, Sameer. The second one is on the dine-in bit. For the first time, of course, there is a low base and all of that, but you have been seeing a decline in dine-in revenues, dine-in takeaway revenues for the last several quarters. This is the first quarter where it has actually turned the corner. Do you think it is sustainable? How do you plan to build on this in FY '26?

Hindustan Unilever Limited

Hindustan Unilever Limited CC-Dec24.pdf · 2025-01-22

Two questions. My first question is the same on the demand trend. So, we met in November, I think, end of November, and you have had, let's say, a particular thought process on what you were seeing on the ground, and it looks like that December has moderated. So, what Arnab asked, I have the same question that I understand this is transitory, but do you think that it can get worse as we go forward before it starts to stabilize and then get better? Is there that risk as we head into, let's say, March and June quarter?

Sure. I absolutely understand that. And yes, the trends are like quite difficult to predict. Rohit and Ritesh, in the context of what you have said and let's say, 30th November or somewhere there versus now, do you think there is also a risk to this negati ve mix what you have seen so what you mentioned in this quarter, premiumization continues? 32/40 But do you think that temporarily that -- because rural picks up, urban moderates and on top of that, if there is a small pack phenomena also because we haven't seen really, let's say, negative mix in your business for a long time, but do you see momentarily that is something that is also possible?

Hindustan Unilever Limited CC-Sep24.pdf · 2024-10-23

First question is on the overall FMCG market, and you have covered some part in your outlook. But has the pace of moderation in urban surprised you? And what are the key reasons? And any outlook when do you think, let's say, flat -- the curve flattens from where we are?

And Rohit, in the context of how urban is shaping up and how rural is, do you think that the portfolio level for you as a company, is there a possibility that the premiumization has been a secular trend long term, all that I totally appreciate, but do you think in the interim, urban slows and rural picks up, there is a possibility that the portfolio premiumization actually may not play out or there may actually be a bit of a mix deterioration. Do you think that's a possibility?