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
: I just wanted first to understand the Telangana price change. If you could help us understand what is the expected benefit? And how should we
look at that?
Question: Avi Mehta - Macquarie Research - Analyst
: So Pradeep, even positive -- I'm sorry, this INR 40 crores to INR 50 crores is given, right? I mean, so it's logically...
Question: Avi Mehta - Macquarie Research - Analyst
: Okay. Okay. Okay. So in this context that you've got like a benefit that has come in, and hopefully, it continues in the other states. But you're kind
of focusing on investments. There's also the input cost headwinds that you highlighted. How should we look at the full year margins for FY '24
when we take the ranges base of 13.5%? I mean how should we kind of -- how are you looking at it internally? And if you could help us understand
within the quarters, just from a priority perspective, if you could give us some sense on how do you internally see this?
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MAY 19, 2023 / 10:00AM, UNSP.NS - Q4 2023 United Spirits Ltd Earnings Call
Question: Avi Mehta - Macquarie Research - Analyst
: Sorry, it's 15% in FY '24 and not by end FY '24, just wanted to clarify that.
Question: Avi Mehta - Macquarie Research - Analyst
: Okay. Perfect. And just lastly, this gross margin impact is because of a timing impact that is -- it was during the year only? Or was it I mean how
much was the quantum that was just earlier -- prior year period that has come in, is that what you were signaling by the last clarification that you
mentioned?
Question: Avi Mehta - Macquarie Research - Analyst
: So you said that there is a onetime gross margin benefit in the year, which means that this -- I thought the 4Q impact was just from during the year
provisions. It's not. It's something that's from earlier year.
Question: Avi Mehta - Macquarie Research - Analyst
: No, no, perfect. And I just wanted to thank you for the additional disclosure on the portfolio. It's really, really helpful. Thanks a lot of this.
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