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Q1: Lakshminarayanan K: "Can you explain if the cost benefit has come, where exactly it has actually gone regarding the Appliances division?"

A1: Kartik Muchandi: "The cost innovation had an impact of INR 35 crores YTD, but we faced a forex depreciation of 6%, resulting in a negative impact of INR 29 crores. Additionally, rising commodities like copper contributed another negative impact of INR 18 crores. Thus, the gains were offset by these costs."

Q2: Lakshminarayanan K: "What is the total outlay for the McKinsey project regarding the e-commerce channel, and what benefits do you expect from it?"

A2: Kartik Muchandi: "We cannot disclose the commercial terms regarding our McKinsey project. However, we expect a material cost reduction of INR 79 crores by year-end; the e-commerce growth is as projected, but specific figures cannot be shared yet."

Q3: Shreyansh Jain: "What is your outlook on the washing machine growth rates and market share?"

A3: Ranjan Mohan: "The growth in top load is significantly more than 5%, and we have maintained our market share. While the overall industry was sluggish, we've seen slight improvements in our frontloader and top load segments."

Q4: Vinod Krishna: "What is your strategy to pass on increased costs to customers?"

A4: Ranjan Mohan: "We will make strategic price adjustments based on market conditions. We have already planned some price increases for Q4, targeting a judicial response rooted in our competitive environment."

Q5: Manoj Gori: "Why have you not seen any substantial margin improvement despite various cost-saving measures?"

A5: Kartik Muchandi: "Increased commodity prices, particularly copper, alongside higher promotional costs, have diminished our margin improvements, despite growth. We need to better manage pricing strategies and operational efficiencies."

Q6: Naveen Baid: "What growth does the Engineering division expect over the next few years?"

A6: Jayanta Chanda: "We aim for growth exceeding 20% annually, driven by increased orders and expansion into emerging markets, particularly in the electronic sector, targeting PBDIT margins of 17% to 18%."

Q7: Lakshminarayanan K G: "How is the restructuring of your distribution footprint expected to increase sales in the Appliances division?"

A7: Bikramjit Nag: "We are working on tying up with approximately 3,000 key accounts by April to enhance direct sales and distribution coverage. This strategic initiative aims to substantially boost our market presence."

Q8: Vinod Krishna: "What is the path to achieve a 10% market share in ACs and refrigerators?"

A8: Bikramjit Nag: "Achieving this requires fixing demand creation issues through better marketing strategies. We're committed to enhancing our product offerings and optimizing our team to create pull for our products in the market."