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: Avi Mehta - Macquarie Research - Analyst
: Sir, I just wanted to kind of clarify on the margin expansion comment. With the input cost more or less stable now, would it be fair to see the gross
margin expansion more front-ended and the flow-through will probably be dependent over time? How do you see this during the year kind of
panning out? If you could give us some sense.
Question: Avi Mehta - Macquarie Research - Analyst
: Okay, that -- okay. Got it, sir. So that should be an additional kicker, if at all, and that is what will kind of take time to flow through as well, that could
be the icing on the cake, if I may say.
Question: Avi Mehta - Macquarie Research - Analyst
: Sir, the second bit was on the sales growth front. Now I understand your comment on pricing headwinds, but with Parachute stabilizing and actually
back on the growth path, Saffola offtakes improving, volume growth rate should normalize to the -- to our kind of stated targets in the first half
itself. It's just the pricing headwind. Is that understanding correct, sir?
Question: Kunal Vora - BNP Paribas, Research Division - Analyst
: I wanted to understand about MT and e-comm, contribution is now almost gone up to 30%. You mentioned that GT will now recover. So how do
we see this mix going forward? MT and e-comm will continue to increase or there would be some reversal. And how do you see the higher
contribution of MT and e-comm in the medium to longer term, considering that there is a higher level of concentration and bargaining power of
the buyer?
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MAY 05, 2023 / 12:15PM, MRCO.NS - Q4 2023 Marico Ltd Earnings Call
Question: Kunal Vora - BNP Paribas, Research Division - Analyst
: And are you seeing a higher level of consolidation on the other side in MT and e-commerce? And any impact on margins from that? .
Question: Kunal Vora - BNP Paribas, Research Division - Analyst
: Okay. Fine. Second and last question, if you can talk about the macro situation in Bangladesh a couple of quarters back, there were certain problems,
currency was depreciating. And also, along with that, how is the mix of business changing coconut, non-coconut and how do you see the growth
rate going forward?
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