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: Varshit Shah - Veto Capital - Analyst
: Congratulations on a great set of numbers given the challenges. My first question is largely on the raw material pricing front because lot of efficiencies
are already coming in and you're mitigating the RM pressure to cost efficiencies. But the day the RM starts moderating, I think the pickup in volumes
might be much better than we are doing today. So my question is that ammonia prices seems to be at least taking a breather, in fact, they have
fallen off their peak. With the Indian deal with Russia and Belarus in potash, will that at least stabilize going into the next immediate quarters? That's
my first question.
Question: Varshit Shah - Veto Capital - Analyst
: Definitely. Yes. And my second question is on what are the -- I mean, in terms of your chemical business, I mean, agrochemical business, your
absolute EBIT growth in the segment is just 3%. So is this -- there is a margin pressure or because of the raw material pressure or the volumes are
Question: Varshit Shah - Veto Capital - Analyst
: So we have affected the price hikes, but it will get reflected with the lag or you're yet to effect some of these price hikes, to fully cover the inflation
so far?
Question: Prashant Biyani - Elara Capital Plc - Analyst
: Sir, congrats on good set of numbers. On what factors our decision to expand capacity in complex fertilizer space hinged upon?
Question: Prashant Biyani - Elara Capital Plc - Analyst
: Sir, on the primary fertilizer front, is the creation of market primary deterrent as of now? Or is it the securing of raw materials?
Question: Prashant Biyani - Elara Capital Plc - Analyst
: Sir, actually, on the raw material front, our sense was that rock is primarily available in abundant quantity globally even right now when there is
some sort of a shortfall in supplies. So is it that we are -- there is some shortfall in phosphoric acid availability that is here acting as a deterrent to
finalize that CapEx or if you can...
| 
