The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Harit Kapoor - Investec Bank plc, Research Division - Analyst
: So just a couple of quick ones. One was to the exchange ratio for the quarter. And the second was on...
Question: Harit Kapoor - Investec Bank plc, Research Division - Analyst
: Can you hear me now? Hello?
Question: Harit Kapoor - Investec Bank plc, Research Division - Analyst
: Yes, yes. So my question, sir, is on the (inaudible) what has been the proposition of exchange for the quarter?
Question: Harit Kapoor - Investec Bank plc, Research Division - Analyst
: Okay. Yes. Go ahead, I had one short one after that, but if you could please help me with this?
Question: Harit Kapoor - Investec Bank plc, Research Division - Analyst
: Got it. My second question was on if you look at fourth quarter recovery that you're talking about, it really implies that grammage level recovery
will probably be closer to about 75%, 80% odd, while you're -- at least in the jewelry business, while value recovery will be for full or even better.
Just wanted to understand with the prices moving up, do you feel that proportion of grammage which you're not able to fully recover, is that lost
sale? Or do you think that, that will come back in F '22 as well? Just trying to understand from a value growth perspective because that could, if
grammage coming back eventually could be a big revenue driver into fiscal 2020?
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