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: Amit Sinha - Macquarie Research - Analyst
: My question was on the competitive intensity within the whiskey space. So just wanted to understand, I mean, is it fair to assume that the larger
players and the bigger brands would have done well in the last 2 months or so? And yes, I mean, any color on market share, even if it is a very small
period, will be helpful.
Question: Amit Sinha - Macquarie Research - Analyst
: Sure. Sure. And in that context, I mean, how would have your franchisee? Because you very clearly mentioned that the franchisee income in the
quarter was hit. And -- so given that these guys are smaller with lesser resources, overall, supply chain disruption would be much bigger. Is it fair
to assume that in the near term, franchisee income will continue to be hit?
Question: Amit Sinha - Macquarie Research - Analyst
: Yes. Sure. My second question was on your basically McDowell's No.1 renovation. And just wanted to ask, in how many states have you relaunched
the new bottle? And how has been the consumer response to that?
Question: Amit Sinha - Macquarie Research - Analyst
: Sure. Sir, just a very small bookkeeping question. So you mentioned that aging-related provision impacted the other expenses this quarter. Is it
possible to share the number of this provision?
Question: Harit Kapoor - Investec Bank plc, Research Division - Analyst
: I just had 2 questions. One was on the franchisee income again. So when you say that you booked INR 40 crores lower number this quarter, it would
basically imply that the franchisee income is next to nothing in this quarter. In that context, I also wanted to check that are these very temporary
arrangements now with the franchisee to support them? And once things get back to normal, you will kind of get back to your normal run rates
on the franchisee income?
Question: Harit Kapoor - Investec Bank plc, Research Division - Analyst
: Okay. My second question was on the new launches for No.1 and Royal Challenge. Is this change also to do with the mix in terms of the liquid? And
if so, is this a more premium liquid mix that you've changed there or is it just a packaging and communication change?
Question: Vishal Biraia - Aviva Life Insurance Company India Ltd. - Analyst
: Sir, a few questions. The first one is on -- what would be your capacity utilization for July? If you could give us some perspective there?
Question: Vishal Biraia - Aviva Life Insurance Company India Ltd. - Analyst
: Okay. Sir, second question is pertaining to this -- for this quarter, we would have seen higher sales in the (inaudible) semi-urban market and rural
market as compared to the metro, which was shut due to lockdown. So is there a shift that you would see that some of these customers who are
in the semi-urban India or rural India are demanding a different kind of product or -- the premiumization that could have happened has not
happened because of this geographical change in distribution or it is still -- it is just because of COVID that people are down-trading?
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JULY 28, 2020 / 6:30AM, UNSP.NS - Q1 2021 United Spirits Ltd Earnings Call
Question: Vishal Biraia - Aviva Life Insurance Company India Ltd. - Analyst
: Just one last question on the receivables. Could you give some perspective as to what is the increase, if at all, in the receivables from the states as
of 30th of June?
Question: Vishal Biraia - Aviva Life Insurance Company India Ltd. - Analyst
: So when you say reduction, this is from 31st March to 30th of June, that is -- these are the reference points?
Question: Abhishek Joshi - CGS-CIMB Securities (Singapore) Pte. Ltd. - Analyst
: So a few weeks back, our parent company, Diageo, had announced that (technical difficulty)
Question: Abhishek Joshi - CGS-CIMB Securities (Singapore) Pte. Ltd. - Analyst
: Yes. Can you hear me now?
Question: Abhishek Joshi - CGS-CIMB Securities (Singapore) Pte. Ltd. - Analyst
: So a few weeks back, Johnnie Walker -- sorry, Diageo had announced that they would be selling Johnnie Walker in paper bottle. So would we be
doing the same for McDowell's brand next year? Like any thoughts behind this? And how does it -- if yes, then how does it impact gross margins
compared to No.1?
Question: Abhishek Joshi - CGS-CIMB Securities (Singapore) Pte. Ltd. - Analyst
: So what would be the contribution of our sell from tetra pack in the normal times?
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