Sanjay Raghuraman

If you look at the next financial year, we have the remaining INR 400 crore of debt to be reduced. Once that is done, we might go into increasing the pilot phase.

The regional brand comes with a lesser margin. Stock turn will be high. ROC will be in the range of 16%-18% is what we target to achieve with the brand in the initial year.

We reported a consolidated revenue for the quarter of INR 7,287 crores, a 40% growth over the same period in the previous year.

We are not doing anything new. We are just seeing what is already playing out in the market with other brands.

We'd probably get between 25 basis to 50 basis, thereabout. Cash flows on the capital expenditure that we put out on the top, that are going to move from our balance sheet to the franchise balance sheet.