Varun Berry

The Tiger always takes two steps backwards before it launches itself. We are in that position where we've taken those two steps backward and now we are in the position to launch ourselves.

We've been able to create a war chest for ourselves to be able to spend if we need to, in specific territories, specific states against specific players.

The delta between volume and revenue will remain at about 6%, 7%, 8% for the coming two or three quarters.

We are hoping that these are clear signs of recovery of the slowdown that we've seen in the subsidiary industry.

We are comfortable in the zone that we are today, and we would like to stay within that zone and try and make sure that our profit growths are higher than our revenue growth as we go forward.

The succession planning is in play, and it will definitely be clear to you in the next three or four months.

We are selling a product which is INR 115 a kilo, and we are delivering profits which are top quartile for any food company across the world.

We are trying to make sure that we balance this. We are here for the long term, not operators who look at a quarter and a quarter.

The first decile contributes to 53% of the business. That deserves a very differential treatment from a route-to-market standpoint.

I would not mind if my margins stay at 16% rather than going to 18%, but it's important that we drive top line.

We are not interested in the B2B business because that disrupts our distribution efforts. So we are purely concentrating on the B2C business.

The good news is that the volume growths are now coming close to double digits, and that's what's gonna keep us in stead as we go forward.