Sunrakshakk Industries India Ltd — Q3 FY26

Sunrakshakk Industries India Ltd Q3 FY2025-26 Earnings Conference Call https://www.youtube.com/watch?v=MvPhgX6kxGQ Published: 2 months ago

0:01 1 second Ladies and gentlemen, good day and welcome to Central Shik Industries India Limited Q3 and 9 month FI26 earning call 0:09 9 seconds hosted by Exectors PR. As a reminder, all participant line will be in the listen only mode and there will be an opportunity for you to ask questions 0:16 16 seconds after the presentation conclude. Should you need assistance during the conference call, please signal an operator by pressing star then zero on 0:24 24 seconds your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Amish Sharma from sectors. Thank you and over to you sir. 0:34 34 seconds Thank you Gomesh and good afternoon everyone. Thank you for joining us on Sanakshhat industries India limited 0:41 41 seconds maiden conference call for the third quarter and 9 months ended 31st December 2025. 0:48 48 seconds Today on the management team we have with us Mr. Sar Chabra promoter and director. Mr. Separate finance head SMCG division. 1:00 1 minute We will begin the call with the opening remarks by Mr. Aarab Chabra on the business operations key initiatives and 1:07 1 minute, 7 seconds broader outlook followed by discussion on the financial performance by Mr. Suni Ping. After this the management will open the forum for the Q&A session. 1:18 1 minute, 18 seconds Before we get started, I would like to point out that some of the statements made or discussed on today's call may be forward-looking in nature and must be 1:27 1 minute, 27 seconds viewed in conjunction with the risks and uncertainties that we face. A detailed statement and explanation is included in the earnings presentation which has 1:35 1 minute, 35 seconds already been uploaded and sent to you earlier. I would now like to invite Mr. 1:41 1 minute, 41 seconds Orurov Chabra to make his opening remarks. Over to you, sir. 1:46 1 minute, 46 seconds Um thank you Mr. Romesh. Uh good afternoon everyone. Um I'm delighted to welcome you to the maiden quarter 3 and 1:54 1 minute, 54 seconds 9 months ended financial year 2026 earning call of sunsh industries India limited previously known as AK Spintex 2:03 2 minutes, 3 seconds Limited. During last one and a half years, we have traveled a long journey successfully transformed and rebranded 2:10 2 minutes, 10 seconds AK Spinex into Sunstic Industries India Limited reflecting our long-term vision of building a diversified growthled 2:19 2 minutes, 19 seconds consumer focused manufacturing platform with a strong presence across FMCG, FMCG intermediate and edible products. 2:29 2 minutes, 29 seconds This rebranding reflects our evolution from a textilecentric enterprise into a diversified FMCGled manufacturing 2:37 2 minutes, 37 seconds company with growing presence across consumer segments. The name conduct embodies our commitment to reliability, 2:46 2 minutes, 46 seconds quality and sustainable value creation across multiple categories. The company belongs to a group which has a very well 2:53 2 minutes, 53 seconds and diversified business base representative and known all over India under RCM brand. To give a little idea 3:01 3 minutes, 1 second about RCM, RCM is one of a leading company FMTG company of India having turnover of more than 2,000 cr and 3:09 3 minutes, 9 seconds having pan India presence with more than 10,000 cr. 3:14 3 minutes, 14 seconds They are growing at a 25 to 30% e and dealing in more than 400 plus FM SMPG products already. They are marketing 3:21 3 minutes, 21 seconds products under brand uh various subbrands like Questa, Neutrich charge, uh good dot, EUL, Oenza etc. which are 3:30 3 minutes, 30 seconds registered under the uh umbrella brand and as this is among our early learning conference call following our transformation, I would like to briefly 3:38 3 minutes, 38 seconds walk you through our journey business model and strategic direction. Let me give you some company background. Our 3:45 3 minutes, 45 seconds company began its journey in 1994 rooted in Bilwara, Rajasthan, a region long regarded as the textile nerve center of 3:54 3 minutes, 54 seconds India. Over nearly three decades, we have built a strong foundation based on operational discipline, quality standards and long-standing 4:02 4 minutes, 2 seconds relationships. Our textile operations comprises of fabric processing for leading India textile groups. We are 4:10 4 minutes, 10 seconds known for producing durable and quality fabrics at scale with an emphasis on consistent quality, cost efficiency and 4:19 4 minutes, 19 seconds timely delivery. In 2015, we achieved a significant milestone by listing on the Bombay stock team, further strengthening 4:27 4 minutes, 27 seconds our market presence and enabling us to pursue structured and scalable growth. 4:34 4 minutes, 34 seconds While textile continues to provide operational stability, a long-term growth trajectory is now firmly anchored in FMCG and consumer led businesses. 4:44 4 minutes, 44 seconds Basically, the strategic evolution uh with the FMCG platform on December 27, 4:52 4 minutes, 52 seconds 2024, we announced the acquisition of 100% equity in Sandra Agro Products 4:58 4 minutes, 58 seconds Private Limited. This transaction marked the foundation of our FMCG and FMPG intermediate platform and represented a 5:06 5 minutes, 6 seconds major strategic inflection point for the company. Since then we have successfully integrated and scaled these operations 5:15 5 minutes, 15 seconds transforming them into the core growth engine of the company. 5:18 5 minutes, 18 seconds Through this platform we have established a strong presence in high growth consumer and industrial seg 5:25 5 minutes, 25 seconds segments significantly diversifying our revenue base beyond textiles. Now today FMCG FMCG intermediates contribute the 5:33 5 minutes, 33 seconds majority of our revenues. Now we are already witnessing meaningful synergy with benefits through operational integration, supply chain optimization 5:43 5 minutes, 43 seconds and shared infrastructure. This has enhanced overall efficiency, improved cost structure and strengthened our competitive positioning. 5:52 5 minutes, 52 seconds Our integrated platforms enable us to serve multiple high growth categories across personal care, home care, food 6:00 6 minutes and wellness while providing strategic flexibility to expand into new segments in line with evolving consumer presence. 6:09 6 minutes, 9 seconds Financially this transformation is translating into improved cash flows, better asset utilization, enhanced 6:16 6 minutes, 16 seconds operating leverage and scalable growth visibility. 6:20 6 minutes, 20 seconds Uh so now let me tell you about the edible segment in FMCG vertical. As part of our FMCG expansion strategy, we have 6:29 6 minutes, 29 seconds built a strong presence in the edible segment focusing on savories, initially spices and packaged food products. 6:36 6 minutes, 36 seconds uh the edible segment has now achieved operational scale and is contributing meaningfully to revenue strengthening 6:43 6 minutes, 43 seconds our FMCG platform and supporting margins expansion as well brandled growth and long-term value creation. 6:51 6 minutes, 51 seconds So all put together let me tell you about the product portfolio and business verticals what we have. So today's sunsh industries operates across multiple high 7:00 7 minutes potential verticals in FMG and intermediate. Uh so our portfolio includes uh soap noodles which is a raw 7:08 7 minutes, 8 seconds material for manufacturing soaps, detergents and cleaning solution, personal care and hygiene products, surface care formulations, speciality and customized intermediate chemicals. 7:20 7 minutes, 20 seconds In food and edible uh range as of now we have savories and snacks, spices and seasoning products and packaged foods 7:27 7 minutes, 27 seconds categories. So in textile we are doing fabric processing as a service. Now manufacturing footprint of Sasha 7:36 7 minutes, 36 seconds industries India limited is spreaded at multiple locations. So we have built a strong integrated manufacturing platform 7:43 7 minutes, 43 seconds across multiple locations. So in FMCG and intermediate our facilities are located at Bilwara Rajasthan Ri Uttan 7:52 7 minutes, 52 seconds Gojhati Assam and our textile operations are primarily based in Bilwara Rajasthan. The Bhati facility 7:59 7 minutes, 59 seconds commissioned in January 2026 has installed capacities of approximately 2,160 8:07 8 minutes, 7 seconds metric t per month for scope models and 1,000 metric t for cosmetic products. Uh 8:14 8 minutes, 14 seconds this multilocation footprint enable cost efficiency, supply chain optimization, risk diversification and scalable 8:21 8 minutes, 21 seconds growth. Uh coming to the capital strengthening preferential issues to support our growth and 8:28 8 minutes, 28 seconds diversification plans, we successfully completed a preferential allotment in May 2025. 8:35 8 minutes, 35 seconds We alled 11.6969 lakhs equity share at rupees 840 per 8:42 8 minutes, 42 seconds share raising approximately 98.24 crores. This has strengthened our balance sheet, improved financial 8:50 8 minutes, 50 seconds flexibility and supports our midterm expansion strategy. 8:56 8 minutes, 56 seconds So looking ahead, we remain focused on discipline execution, improving capacity utilization, expanding distribution and 9:04 9 minutes, 4 seconds strengthening brand presence. Backed by our diversified FMCG platform, integrated manufacturing network and 9:12 9 minutes, 12 seconds strengthen balance sheet, we are steadily progressing towards our medium-term aspiration of achieving 9:18 9 minutes, 18 seconds approximately 1,000 crores of revenue by 2028 with the majority of revenue expected to 9:25 9 minutes, 25 seconds be driven by our FMCG and FMCG intermediate businesses. We view this,000 cr target as the first 9:32 9 minutes, 32 seconds strategic milestone in our FMCG growth journey. supported by a clear execution road map and encouraging long-term plan 9:40 9 minutes, 40 seconds that positions the company for sustained scale and value creation beyond the seven. Our growth strategy is anchored 9:49 9 minutes, 49 seconds around scaling FMCG and edible businesses, expanding high growth product categories, improving margins through operating leverage and 9:57 9 minutes, 57 seconds strengthening governance and compliance continues. 10:01 10 minutes, 1 second An important structural development has been the shift in our revenue mix. In financial 2024, our revenue were 10:08 10 minutes, 8 seconds entirely driven by textile with FMCG contributing in by 9 months financial 10:15 10 minutes, 15 seconds year 2026. FMCG and FMCG intermediate has emerged as the dominant contributor accounting for approximately now 82% of 10:24 10 minutes, 24 seconds our revenue for about 335 crores is what we have achieved so far. while textile contributed around 18%. It is 75 crores 10:33 10 minutes, 33 seconds of value. Uh going forward we expect this transition to further strengthen with FMCG contributing nearly 90 5% of 10:42 10 minutes, 42 seconds our revenue and textile forming a marginal share of about 5% uh value. 10:48 10 minutes, 48 seconds This evolution reflect reflects the successful execution of our diversification strategy and increasing contribution from high frequency 10:56 10 minutes, 56 seconds consumer category positioning the company for sustained growth and long-term value creation. 11:03 11 minutes, 3 seconds So with the backdrop I will now um hand over the uh to our finance head of FMCG 11:09 11 minutes, 9 seconds division Mr. Si to walk you through our financial performance for the quarter and for 9 months. Thank you so much. 11:16 11 minutes, 16 seconds Over to you. 11:20 11 minutes, 20 seconds Thank you, Sabi. Uh I will take you through the financial performance for the quarter ended uh December 25 and 9 months ended for December 2025. 11:32 11 minutes, 32 seconds I'll start with the revenue first. 11:34 11 minutes, 34 seconds During the quarter 3 for financial year 2026, they reported a consolidated revenue of rups 164 cr registering a year-over-year growth of 517%. 11:48 11 minutes, 48 seconds This strong growth was primarily driven by the continued scaling of our FMCG and FMCG intermediate business along with 11:57 11 minutes, 57 seconds the increasing contribution from our edible segment as capacity ramped up and distribution expanded. 12:04 12 minutes, 4 seconds SMTG has now emerged as the dominant contributor to overall revenues reflecting the structural shift in our 12:12 12 minutes, 12 seconds business model. Ourida for the quarter stood at 15.26 26 cr reflecting a ywide growth of 158%. 12:22 12 minutes, 22 seconds The improvement in IIDA was supported by higher capacity utilization across FMCG facilities operating numerous benefit 12:30 12 minutes, 30 seconds better product and and cost optimization initiative at the scaled volume across multiple categories. Profit after tax 12:39 12 minutes, 39 seconds for the quarter stood at rupees 9.41 41 cr registered a year-over-year growth of 328%. 12:47 12 minutes, 47 seconds Reflecting improved case, better absorption of fixed cost and discipline financial management. 12:54 12 minutes, 54 seconds Moving to the 9 month performance for 9 month FI26, our consolidated revenue stood at 410 cring a year growth of 430%. 13:07 13 minutes, 7 seconds The growth was again largely driven by the uh rapid expansion of our FMCG, FMCG 13:15 13 minutes, 15 seconds intermediate and edible segment as our integrated manufacturing platform gained scale and operational momentum. Aida for 13:24 13 minutes, 24 seconds the 9 month period stood at 38.55 crores reflecting a bowy growth of 171%. Aida's 13:31 13 minutes, 31 seconds growth was supported by operating leverage, improved cost efficiency, ramp up of higher margin FMCG categories and 13:39 13 minutes, 39 seconds better utilization of our multilocation manufacturing network profit after tax for 9 months FI26 stood 13:46 13 minutes, 46 seconds at 22.88 cr registering a growth of 403% over the previous year demonstrating the 13:54 13 minutes, 54 seconds strength of our FMCG platform and improving profit uh profitability profile. 14:01 14 minutes, 1 second with regard to aspect of our financial or or balance sheet. So on the balance sheet spread we we continue to maintain a strong and stable financial position. 14:12 14 minutes, 12 seconds The preferential issue of appro 98 cr completed in FI25 has significantly strengthened our capital base and 14:20 14 minutes, 20 seconds enhanced financial flexibility to support our ongoing FMPG uh expansion plan. We also splitted our share uh in 14:29 14 minutes, 29 seconds the ratio of 1 is to5 during the financial year. We remain focused on prudent working capital management, 14:37 14 minutes, 37 seconds improving inventory cycles, strengthening receivable collection, optimizing supply chain efficiency and maintaining adequate liquidity to 14:45 14 minutes, 45 seconds support growth initiatives. Our current investment focus is centered on strengthening and expanding our FMCG, 14:53 14 minutes, 53 seconds FMCG intermediate and edible manufacturing capability. The commissioning of new facilities and 15:00 15 minutes expansion at existing FMCG locations is gradually translating into higher volume, improved capacity utilization, 15:08 15 minutes, 8 seconds enhanced operating leverages and better margin visibility. These investments are aligned with our long long-term strategy 15:16 15 minutes, 16 seconds of building a scalable integrated multilocation FM SMCG manufacturing platform capable of supporting sustained 15:24 15 minutes, 24 seconds high growth. With this I conclude my uh remark and we can now open the forum for the question and answer. Thank you. 15:33 15 minutes, 33 seconds Thank you everyone. 15:35 15 minutes, 35 seconds Thank you so much sir. Ladies and gentlemen, we will begin with the question and answer session now. Anyone who wishes to ask a question may press 15:43 15 minutes, 43 seconds star and one on the touchstone telephone. If you wish to remove yourself from the question, you may press star and two. Participants are 15:50 15 minutes, 50 seconds request to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question assembles. 16:03 16 minutes, 3 seconds Our first question comes from the line of San Jen from H Securities. Please go ahead. 16:10 16 minutes, 10 seconds Hello. Uh, congratulations for a good set of numbers. Hello. Yes, please. Thank you. 16:19 16 minutes, 19 seconds Am I audible? Yeah. Yeah, you are very much audible. 16:22 16 minutes, 22 seconds Uh, congratulations for a good set of number. My first question is what is the distribution and marketing strategies? 16:31 16 minutes, 31 seconds So um uh let me answer this question for you and we are basically having uh B2B 16:39 16 minutes, 39 seconds uh uh majorly uh customer base. So uh we are not directly involved in any kind of consumer market. So major of our clients 16:48 16 minutes, 48 seconds are um in the the some of the MNC's and some both in FNC as well as textiles as 16:55 16 minutes, 55 seconds well. We are catering to leading brands like ITC, Godidge, Vipro and in textile we are also catering to CRM and such 17:03 17 minutes, 3 seconds kind of other brands. So I hope that answers your question. 17:08 17 minutes, 8 seconds Yes sir. So my next question is are there any KX plan going forward? 17:15 17 minutes, 15 seconds So yeah uh uh most of the KEX we have done now there are little KEX which is uh which is in our planning that is 17:24 17 minutes, 24 seconds mainly towards the technological upgradation of the textile business and similar line of products for the FMCG 17:32 17 minutes, 32 seconds segment another question is what is a company's guiding philosophy to make a strategic shift from textile sector to FMCG Okay. 17:44 17 minutes, 44 seconds Sorry. Can you repeat it now please? 17:46 17 minutes, 46 seconds Uh sorry. Uh what is the company's guiding philosophy to make a strategic shift from textile to SNPG? 17:54 17 minutes, 54 seconds See um so um in my briefing uh I have mentioned that uh the this company belongs to the uh parent group RCN uh 18:03 18 minutes, 3 seconds which is dealing in more than 400 uh daily consumable products already and uh which has a presence in India and having 18:13 18 minutes, 13 seconds more than 10,000 outlets and this company is already growing at a pace of 20 25 to 30 phrar 18:21 18 minutes, 21 seconds so I mean you know that helps you to have uh that helps us to have a you know base for the SMCG market and uh as I 18:30 18 minutes, 30 seconds mentioned we are catering almost 40% of our demand to RPL and we have uh uh the other reputed clients so that is the one 18:38 18 minutes, 38 seconds of the main reason uh where we see a huge potential in SMCG market and as we 18:45 18 minutes, 45 seconds as you uh will notice that currently our team is catering to more than 400 products and we have started with basic 18:53 18 minutes, 53 seconds few uh you know some of the basic uh daily consumable products and there's a huge potential uh which can be further 19:00 19 minutes uh looked at as a backward integration in terms of the manufacturing and catering to the FMCG department of the market. 19:08 19 minutes, 8 seconds Okay, I got it. So another question is any product you are launching in coming next year or this year? 19:17 19 minutes, 17 seconds U yeah so we are we are continuously adding production facility to our uh system. So as as we started with let us 19:27 19 minutes, 27 seconds say some of the non food range now we have got edible product range. Now in 19:33 19 minutes, 33 seconds both food uh FMCG food range and FMCG non-f food range we are continuously gradually adding more products. So by 19:42 19 minutes, 42 seconds acquiring this Bjhati unit uh we were having more than uh cap facility of manufacturing more than 100 uh products. 19:50 19 minutes, 50 seconds So if you will see from good morning to good night almost we are catering to lot of products in the non-f food range and in food range we have started with uh 19:58 19 minutes, 58 seconds snacks uh spices and we have plans to add more products in future. 20:05 20 minutes, 5 seconds Okay sir. Sir uh could you also share the reason why there's a decline in quarter and quarter AI margin by 30 basis point 20:14 20 minutes, 14 seconds so uh for this uh basically if you look at the uh segment wise financials now so 20:21 20 minutes, 21 seconds we had improved in terms of uh aida margin for different uh different segments so in in textile we had uh 20:30 20 minutes, 30 seconds improved our margins right so quarter quarter last quarter the number was 18.51% AIA margin and this quarter it is 18.94. 20:40 20 minutes, 40 seconds Same way for the SMCG segment Q for Q2 the margin percentage was 7.2 whereas for quarter 3 it is 7.64%. 20:49 20 minutes, 49 seconds So standalone or uh uh segment wise the uh IITA margin had improved improved 20:56 20 minutes, 56 seconds during the quarter but overall the the uh uh there is a reduction in ITA margin of 30 years that is mainly because the 21:05 21 minutes, 5 seconds revenue from FMC segment had increased substantially during this quarter. Okay sir. So any guidance for FI26? 21:16 21 minutes, 16 seconds So uh we we we uh already had made a statement that we will be touching the revenue of 1,000 cr by fi 28. So uh that 21:26 21 minutes, 26 seconds is something which can be looked after that we will be growing at a uh at a uh 30 35% schedule. 21:34 21 minutes, 34 seconds Okay. 21:39 21 minutes, 39 seconds Thank you. Our next question come from the line of Madri from Sapphire Capital. Please go ahead. 21:47 21 minutes, 47 seconds Hello. Yes. Hello. 21:51 21 minutes, 51 seconds Yeah. Just one question uh on the margins. So since we are going to increase our contribution from tax from FMCG more in the coming years, what's 22:00 22 minutes the margin you see on the steady state level or maybe once we reach 5,000 crit mark? So we we are aiming for a pat of 7% in the uh by the FI28. 22:14 22 minutes, 14 seconds Okay. And what is the percentage contribution will be from the FMCG segment? 22:19 22 minutes, 19 seconds So FMCG segment in FI28 we the 4C as a uh 90% of the revenue from FMCG segment. 90%. 22:28 22 minutes, 28 seconds Okay. And out of this uh how much is will be the contribution that we are selling to RSPM to the group company. 22:36 22 minutes, 36 seconds So uh the overall uh uh uh ratio in terms of revenue is going to be somewhere 35%. 22:44 22 minutes, 44 seconds 35%. So we'll be increasing more uh uh MNC's that we are going to cater through in the SMCG brand. 22:52 22 minutes, 52 seconds Yeah. Yeah. We will we will be adding the other plan. So any any current uh contracts and pipeline that some people we are talking about? 23:00 23 minutes Yeah, we we are we are in uh in the in the tie up with various brands. I think Mr. 23:08 23 minutes, 8 seconds Shabra will uh will will let take you through for this question. 23:12 23 minutes, 12 seconds So uh so as we have uh recently added the capacities uh in our plant and those 23:19 23 minutes, 19 seconds capacities are almost uh being booked by few companies as an additional growth to 23:26 23 minutes, 26 seconds the next quarter. We are hoping that uh these on the next quarter should be like really good when we start the production for these companies. So we've already like got the orders in our hand. 23:37 23 minutes, 37 seconds Okay. And currently what sort of capacity utilization you had for the first nine months of the year 23:45 23 minutes, 45 seconds on the FMCG and the textile side if you could give me so in FMCG um uh because the capacities 23:52 23 minutes, 52 seconds are being added recently right so we are operating at somewhere 40 45% of capacities as of now. 24:01 24 minutes, 1 second Okay. And by end of the uh quarter we are expecting almost more than 85% of 24:08 24 minutes, 8 seconds the capacity utilization by end of Q4. Yeah. Yeah. 24:15 24 minutes, 15 seconds Okay. That is correct. So you'll see a substantial increase in revenue just in the fourth quarter. 24:22 24 minutes, 22 seconds Yeah. From this uh particular one particular uh product range what we have the capacity which we expanded. 24:30 24 minutes, 30 seconds Okay. So out of all the segments let us say this the number which I'm sharing with you. So let us say that in non school we have like you know soap uh 24:38 24 minutes, 38 seconds soap as one of the products. So the major expansion has happened in that particular category. So for that as I've just mentioned that we have already got 24:47 24 minutes, 47 seconds the contract. So there we the capacity utilization will increase and the other product range we are uh in uh we are in 24:54 24 minutes, 54 seconds process to even grow the uh volumes there. 24:59 24 minutes, 59 seconds Okay. So there will be more capacity addition by 27 any cape number you have for the for the next year. 25:08 25 minutes, 8 seconds So in the coming years the capacity uh increase will will be taking place basis the uh need and uh demand from the 25:16 25 minutes, 16 seconds customer side. So as of now we don't have any concrete plan for capacity addition in FI 2027 but yes uh uh there 25:25 25 minutes, 25 seconds will be expansions through through other modes in the coming year. 25:29 25 minutes, 29 seconds Okay. Any any acquisitions you are look looking out for to acquire some facilities going ahead? 25:36 25 minutes, 36 seconds We we are evaluating several propositions uh for for acquisition kind of. So uh recently we as as uh as 25:44 25 minutes, 44 seconds mentioned in the inaugural speech that recently we had uh acquired the manufacturing unit in Goati. So that is 25:51 25 minutes, 51 seconds the last uh acquisition we took uh so far and we are open for uh further acquisitions if we get any lucrative 25:59 25 minutes, 59 seconds opportunity we will grab that and we'll go for that and just one last question are we 26:05 26 minutes, 5 seconds looking to start our own B2C brand maybe in the future two three years down the line once we have a big portfolio of 26:13 26 minutes, 13 seconds products that we can offer. So uh all these things are are in future. Uh we we 26:20 26 minutes, 20 seconds we are uh uh or to be very honest we we are evaluating but nothing is concluded 26:27 26 minutes, 27 seconds and uh nothing nothing we can say on this at this point as of now. Okay. Okay. That is my thank you. 26:35 26 minutes, 35 seconds Thank you. Thank you. 26:43 26 minutes, 43 seconds Ladies and gentlemen, anyone who wishes to ask a question start. 26:49 26 minutes, 49 seconds Our next question comes from the line of Nikl Thomas from upskills. Please go ahead. 26:54 26 minutes, 54 seconds Hey. Hi. Uh, thanks for the time. Uh, just one question. Does the company have any plans to address or strategically scale down the textile segment and 27:02 27 minutes, 2 seconds primary focus please can you repeat it out again? Uh we are somehow missed the question. 27:19 27 minutes, 19 seconds Does the company have any plans to regulate or predictively scale down the textile segment and primary focus on the FMCG? 27:26 27 minutes, 26 seconds No. No. No. So uh uh I I'll just put the put the information in front of you that there are two professional teams 27:34 27 minutes, 34 seconds separately managing and maintaining the businesses for textile as well as FMCG right. So uh textile team is doing their 27:43 27 minutes, 43 seconds uh their work at their own and FMCG is is completely independent team which is working for the business business purpose. 27:51 27 minutes, 51 seconds the re the the what is going to happen in he said that growth rate for FMCG business segment is going to be much higher as compared to textile business. 28:01 28 minutes, 1 second Therefore the contribution of textile business will come down uh uh substantially in the coming year but 28:08 28 minutes, 8 seconds business will go on like this and will will go on with growth. Sure. 28:16 28 minutes, 16 seconds Okay. Okay. 28:19 28 minutes, 19 seconds Thank you. Our next question comes from the line of Ranu Paral from skillsconnect.in. Please go ahead. 28:28 28 minutes, 28 seconds Hi uh hi good evening everyone. I just wanted to check does the company have 28:36 28 minutes, 36 seconds any plans uh for further investments in the appensity capacity expansion while you some part of it and if there is any 28:45 28 minutes, 45 seconds plan to expand into new product categories uh as well as as the emerging trends change. 28:52 28 minutes, 52 seconds Yeah. Yes. 28:55 28 minutes, 55 seconds So um so basically we have a vision of uh 29:02 29 minutes, 2 seconds being a one-stop solution um in both food and non-f food segment as a uh 29:09 29 minutes, 9 seconds manufacturing uh facility. So definitely we have continuous plans that we keep adding the product portfolio. uh in 29:17 29 minutes, 17 seconds cosmetic products we have already like as I mentioned uh almost uh quite a large portfolio in terms of capability 29:24 29 minutes, 24 seconds and in food segment now we are gradually adding up more products and uh and and that that helps actually lot of these 29:33 29 minutes, 33 seconds companies that actually gives us an edge uh in the market that uh when when like the MNC is approaching you and they get 29:41 29 minutes, 41 seconds the uh facility with one uh particular house rather or going to different houses for their 29:48 29 minutes, 48 seconds product requirements. So, uh that's the whole idea. 29:59 29 minutes, 59 seconds Thank you. 30:06 30 minutes, 6 seconds Thank you. Our next question comes from L of Jira from Vijay Minerals. Please go ahead. 30:13 30 minutes, 13 seconds Hi. Uh uh I have one question. What kind of margins does the company expect from the FMCG segment and what are the projected blended margins for FI26? 30:26 30 minutes, 26 seconds So uh for for FI26 we we expect the margins to be more or less in the same 30:33 30 minutes, 33 seconds uh pattern slightly here and there uh for Q4 slightly slight improvement you will see in Q4 remaining for for the the 30:42 30 minutes, 42 seconds the 9 month performance will go on and carry on for the Q4 also with slight improvement and uh accordingly we we are 30:50 30 minutes, 50 seconds anticipating a p of 5.8 5.85 gate five at which we will be closing the F526. 30:57 30 minutes, 57 seconds Okay. Okay. Thank you. Thank you. Thank you. 31:05 31 minutes, 5 seconds Our next question comes from the line of Sakit Kapoor from Kapoor and Company. Please go ahead. 31:13 31 minutes, 13 seconds Hope I'm audible sir. Yes, you are. Yes sir. 31:18 31 minutes, 18 seconds So thank you firstly for the opportunity sir. When we look at our organization, what are the key differentiation? Uh 31:25 31 minutes, 25 seconds since we are in a space which is uh which is a crowded space if I may use the term. So what differentiates us from 31:33 31 minutes, 33 seconds the other player and when we look at players like Jos that operates from the state of the day and caters to FMGS in 31:42 31 minutes, 42 seconds terms of scope I think through visual brand and others. Are we competing with them in the same lines? Are we in the same uh line of business? 31:53 31 minutes, 53 seconds Um so actually see um um in India uh there are uh still uh there is a gap in 32:02 32 minutes, 2 seconds terms of demand and supply uh for the olio chemical I think specifically which you are trying to ask. So there are 32:10 32 minutes, 10 seconds couple of factors. Uh first factor that since we are located in the northern region of the country which uh actually 32:17 32 minutes, 17 seconds u we have our own uh you know uh presence and uh uh second uh we have uh 32:25 32 minutes, 25 seconds already like capacity utilization or consumption from the parent group RPM uh as I mentioned earlier. So that helps us 32:34 32 minutes, 34 seconds to cater and have the basic consumption of the uh product uh you know manufact production what we are doing and then 32:42 32 minutes, 42 seconds later on based on the quality standards the professional team what we have and uh that that also helps us to have an 32:51 32 minutes, 51 seconds extra edge uh in terms of the credibility from the market. So if you will look at the whole uh relationship 32:57 32 minutes, 57 seconds with the customers so it's quite a long relationship already we enjoy with our existing uh customer base 33:06 33 minutes, 6 seconds itself. So so that there's actually that already you know I mean show that the kind of service we are able to provide 33:14 33 minutes, 14 seconds the cost we are able to meet and the uh kind of quality we are able to provide uh to these people. So 33:25 33 minutes, 25 seconds right sir and the parent company uh can you mention the name once again sir I understood uh RCM 33:36 33 minutes, 36 seconds is it in the listed state or India understood this is not listed okay 33:44 33 minutes, 44 seconds sir then then going ahead having vertical which is listed and an unlisted entity having a larger turnover and a 33:52 33 minutes, 52 seconds larger pile. Do we have plans for the anything in that way where this 34:00 34 minutes organization which is already listed can become larger with with reverse mergers of uh the unlisted space and then 34:07 34 minutes, 7 seconds thereby creating value can that could be something in the envir or can the board look into the merits of the same. So as 34:17 34 minutes, 17 seconds of now we had not planned anything for that listing of parent company but yes all the doors are open whatever you have 34:25 34 minutes, 25 seconds whatever you have said so far that uh but as of now uh we have not planned anything for uh for the parent company 34:33 34 minutes, 33 seconds but whenever we will be go we will be going for that all these option we will be evaluating and we will go for the best uh proposition for all these stakeholders. 34:43 34 minutes, 43 seconds Okay. And lastly, how are margins going to improve and what steps you will take uh to improve your margin? Is it the only the scale the scale that you will 34:52 34 minutes, 52 seconds reach post the operating level that you are hoping that will keep going ahead? 34:59 34 minutes, 59 seconds Other than that what it is it is going to be mix of several things. Definitely scaling up the 35:06 35 minutes, 6 seconds operations will contribute largely to the uh to the to the head of improvement in the uh percentage margin. That is one 35:14 35 minutes, 14 seconds thing. Apart of it uh costsaving initiatives, cost optimization, better resource utilization, lot many things 35:23 35 minutes, 23 seconds will uh help us out. And lastly, I would like to say that uh uh automation will also help us out a lot in uh reduction in the operational cost. 35:34 35 minutes, 34 seconds Okay sir. Why by automation means that what kind of efficiencies are robotics and everything that's come again sir? 35:44 35 minutes, 44 seconds Yeah it is uh right you rightly mentioned robotics and like likewise things will help us out to improve the uh margin percentage. 35:53 35 minutes, 53 seconds Okay this will be both are you looking for any other backward integration also going with the line of business or are 36:00 36 minutes we fully integrated? We we are fully integrated for soap, we have our own soap noodle manufacturing facility, 36:07 36 minutes, 7 seconds right? And whatever is the major raw material needed for our uh uh finished products, we have uh all those things apart from the uh edible segment. 36:20 36 minutes, 20 seconds Okay. Lastly, for the uh for the so what percentage of our sales are contributed from the mobile business in the city segment? 36:31 36 minutes, 31 seconds So uh soap noodle is something that uh we we are consuming our own soap noodle. 36:37 36 minutes, 37 seconds Let's say whatever we are producing we are captively consuming hardly 20% and remaining 80% we are supplying to the 36:44 36 minutes, 44 seconds market also the these are toward the bank ITC these 36:51 36 minutes, 51 seconds are only customer ITC ji everyone and out of the total sales 36:58 36 minutes, 58 seconds under the FMCG what percentage attributes towards the noodles that was my question 37:06 37 minutes, 6 seconds uh to out of total FMCG I think around 50% is uh contributed by soap n 37:14 37 minutes, 14 seconds so soap noodles yeah players like the name I mentioned grow have also been always being on the yeah 37:22 37 minutes, 22 seconds explaining to investor that margins are always lower in the in the segment so for for us how are the margins uh for 37:30 37 minutes, 30 seconds the soap noodle segment and uh I think there's lot of competition also the the designs does not give uh hike also very 37:39 37 minutes, 39 seconds easily. So any any higher price hike that we have taken and what's the scenario currently in terms of the RM and the finished product prices? 37:51 37 minutes, 51 seconds Uh no act uh you you are right actually in a way but uh since we uh are strategically uh having a large 38:00 38 minutes portfolio so it's a mix of uh you will see a lot of products like we also make face wash or creams lotion rare oils and 38:08 38 minutes, 8 seconds you know detergents home care and in edible products also there's a huge portfolio so we don't uh look at 38:16 38 minutes, 16 seconds individual product portfolio but when we club all together So that helps us to uh you know have a better margin and 38:24 38 minutes, 24 seconds possibilities that you know how we can increase those margins over a period of time by bringing more expertise. So in 38:32 38 minutes, 32 seconds oliochemical like in ro you are mentioning so it's a continuous exercise strategically which you have to plan in terms of the sourcing of the raw 38:38 38 minutes, 38 seconds material like palm oil and uh these products. So if your team is efficient and strategically buying if you can 38:46 38 minutes, 46 seconds manage so that's how you can you know add uh value to your product and compete in the market. So those kind of expertise you need to have uh to have an 38:56 38 minutes, 56 seconds edge actually in the market. So okay just to conclude sir so there is we are operating at optimum margins for the 39:03 39 minutes, 3 seconds segment we do we have no complaints in terms of that this is what your understanding we should make I think I will say that there's always scope of 39:12 39 minutes, 12 seconds improvement you cannot say that see I mean uh uh let me tell you so there's a composition in terms of the blend what we lose right now so you should have 39:21 39 minutes, 21 seconds technical teams efficient enough who can explore the new blends you should have R&D team who can try out new products So 39:28 39 minutes, 28 seconds it's a continuous exercise but since as I mentioned that the portfolio is huge so the scope is also uh bigger with you 39:35 39 minutes, 35 seconds I mean you know when you are catering to the market so right thank you sir and all the best 39:44 39 minutes, 44 seconds thank you so much thank you next question comes from the line of 39:52 39 minutes, 52 seconds part from pat investments please go ahead Good afternoon sir. I'm audible. 40:00 40 minutes Yes. Loud and clear. 40:03 40 minutes, 3 seconds Thank you so much for the opportunity and congratulations on a good set of numbers. Uh I have recently started tracking your company. So I apologize 40:10 40 minutes, 10 seconds for the no questions that I may ask. Uh the first one was on the part of the company. So we we were majorly into 40:20 40 minutes, 20 seconds textile before but just wanted to know what motivated the management to you know acquire convection aggro uh and 40:29 40 minutes, 29 seconds moving into FMG rather than you know bringing textile to a certain school. 40:36 40 minutes, 36 seconds Um yeah so u actually uh I I'll uh once again answer this question and uh um see 40:44 40 minutes, 44 seconds so basically as we uh mentioned in the introductory uh part of the session that uh um we have a the the parent company 40:53 40 minutes, 53 seconds uh of the uh the industries limited is involved in more than 400 plus products 41:01 41 minutes, 1 second of uh FMCG products into Indian market and uh FMCG is a is a is a huge 41:09 41 minutes, 9 seconds portfolio in their product range. Um and uh and if you also look at the market trend so uh and there are a lot of 41:17 41 minutes, 17 seconds changes in terms of the the tariffs and all those disciplines. So textile uh business is also having having slow 41:24 41 minutes, 24 seconds growth in comparison with the FMCG uh market. So uh so having these two factors in play we look at we looked at 41:32 41 minutes, 32 seconds and forecasted that we should now it is the time to diversify and strengthen ourselves in the SMCG segment and which is actually uh also showing us good results so far. 41:44 41 minutes, 44 seconds Got it. So moving forward what would be the uh you know between textile that you intend to keep? 41:56 41 minutes, 56 seconds We are actually uh as currently it has gone uh to almost 8515 and in future it 42:03 42 minutes, 3 seconds it might go around 9010 ratio 90% would be FMPG. 42:10 42 minutes, 10 seconds Got it. Got it. Uh the major factor of the ratio change is basically growth of the FMPG revenue. 42:18 42 minutes, 18 seconds Textile would not go down but FNPG will grow at larger level. So that's just reason of ratio change. 42:26 42 minutes, 26 seconds Got it. And what what would be the margin difference between these two articles? kind of industrial. 42:33 42 minutes, 33 seconds So, uh the margins for both these two verticals are are are going to be uh 42:40 42 minutes, 40 seconds kind of kind of uh in in terms of fat percentage. I I'll say that uh textile is operating at around uh 5.5 42:49 42 minutes, 49 seconds and a half and uh SMTG as of now is uh operating at 5% which is going to be uh 42:57 42 minutes, 57 seconds escalated in the coming quarters. uh that is what is as of now in future the the percentage margin for uh textile is 43:06 43 minutes, 6 seconds not going to show a good uh show a very big jump but for FMC we we foresee 43:15 43 minutes, 15 seconds a a tremendous amount of improvement in terms of pack margin and in a longer run by FIT28 we we are aiming for a pat 43:24 43 minutes, 24 seconds margin of 7% consolidated level Okay sir. Got it. And that brings me to 43:31 43 minutes, 31 seconds the next point that if you see our revenue we have definitely become better even 43:39 43 minutes, 39 seconds the operating profit and profit after tax the number the quantum is increasing but the margins are going down sequentially. So I just wanted to know 43:48 43 minutes, 48 seconds that what is the sustainable that we're looking at for operating in pack margins uh moving forward. 43:57 43 minutes, 57 seconds So in terms of fat margins uh we we are almost almost at par with last quarter right in terms of aida uh definitely the 44:07 44 minutes, 7 seconds thea margin has gone down by almost 30 34 ppf and uh the re if you will look at the segment wise IDA ratios that had 44:16 44 minutes, 16 seconds improved that had improved uh substantially from last quarter but because uh FMCG is having lowera margin 44:24 44 minutes, 24 seconds percentage and increase in FMCGC revenue is substantial during this quarter. 44:29 44 minutes, 29 seconds Therefore, this 3034 GPS uh margin down has been reflected in number but segment at segment level we had improved in both the segments during the quarter. 44:41 44 minutes, 41 seconds Got it sir. So if we see uh moving forward can we take 10% as an operating 44:48 44 minutes, 48 seconds uh margin that can be sustainable for us? Um I think uh it will be above that a bit above that 44:57 44 minutes, 57 seconds okay and pat around is around 7% 7% 45:03 45 minutes, 3 seconds 10% so 10 12 10 to 12% for operating and 7% for that would be sustainable for us 45:13 45 minutes, 13 seconds yeah yes yes the last question that I had was a bit on the countries that we're doing of 98 45:21 45 minutes, 21 seconds crores uh that that we recently did. So I just wanted to know what was the strategic intent behind it and what kind of 45:29 45 minutes, 29 seconds inorganic growth opportunity that we are looking at. 45:38 45 minutes, 38 seconds So basically uh so um as the as as as uh as I have 45:46 45 minutes, 46 seconds mentioned earlier that RCM the parent group is already having you know their own growth of 25 to 30% in the market uh 45:55 45 minutes, 55 seconds and having a huge portfolio. So we are definitely looking at how we can increase our uh product portfolio uh 46:05 46 minutes, 5 seconds which can help us to uh grow u uh even along with uh the required or the demand 46:12 46 minutes, 12 seconds what they have and also uh by now you know better visibility and the market 46:19 46 minutes, 19 seconds marketing uh also trying to empanel more you know companies uh for their product requirement. 46:27 46 minutes, 27 seconds So that is the overall plan and and just our um existing uh team uh and and the 46:35 46 minutes, 35 seconds the uh the process understanding and the plan the kind of setup we have put up. I think that will definitely help us to uh grow at a faster pace. 46:48 46 minutes, 48 seconds Got it. Got it. So that that was all for my side. Thank you so much for answering my answering questions and I wish you all the best for the future. 46:55 46 minutes, 55 seconds Thank you. Thank you so much. 46:57 46 minutes, 57 seconds Thank you ladies and gentlemen. Anyone who wishes to ask a question Mr. Star N1. 47:05 47 minutes, 5 seconds Next question comes from the line of Sin Kumar from HF. Please go ahead. Yeah. Hi sir. 47:17 47 minutes, 17 seconds Yeah please go ahead. 47:20 47 minutes, 20 seconds Mr. S. You may please proceed for the management would be uh uh we 47:28 47 minutes, 28 seconds discussed it earlier as well that we are planning for 100 K,000 K of revenue by 28 F by 28 right 47:37 47 minutes, 37 seconds yeah so yeah so can you help me with the part 47:44 47 minutes, 44 seconds uh in terms of what a mix of FMCG and textile or 47:52 47 minutes, 52 seconds uh uh no how much you planning in 27 and then how would be in 28 the bottom line and the top line basically. 48:00 48 minutes Okay. So see basically we have uh u acquired one of the unit injhati 48:07 48 minutes, 7 seconds which has added a product range. We have also uh increased the capacity which has 48:13 48 minutes, 13 seconds been now installed. So uh majorly we look at at least for next uh like by 48:20 48 minutes, 20 seconds financial year 28 we looked at utilization of these capacities on a primary level and uh second yes we 48:28 48 minutes, 28 seconds looking for more uh such kind of acquisitions if uh or the production uh portfolio increment so that will help us to achieve this number. 48:39 48 minutes, 39 seconds Okay. And my next question would be if you are planning for any other inorganic opportunities 48:49 48 minutes, 49 seconds anything in the pipeline which are planning to add up in the current operations or some new part anything 48:57 48 minutes, 57 seconds that is already on the verge of closure or something. 49:01 49 minutes, 1 second No. So uh there is nothing nothing uh something like that is conclusive as of now but yes we do have plan for 49:08 49 minutes, 8 seconds expansion to to enable our manufacturing facilities for uh for for making 49:15 49 minutes, 15 seconds complied with the various export related activities also. 49:22 49 minutes, 22 seconds Okay, sounds great. Uh, one of your manufacturing is in 49:30 49 minutes, 30 seconds Rajasthan and other one is so as of now these are the only two cap you have. 49:38 49 minutes, 38 seconds So, so no we have one unit under the sub and also 49:48 49 minutes, 48 seconds okay so just the three only right? Yeah. 49:54 49 minutes, 54 seconds And you are currently focusing on a regional approach or is it something you want to build up nationwide in terms of FMCD? 50:05 50 minutes, 5 seconds So manufacturing facilities will be uh uh to some extent easier but definitely the customer base is next. 50:13 50 minutes, 13 seconds Okay. So the target as of now. 50:17 50 minutes, 17 seconds Okay. Okay. So, so the the nationwide brand is your entire so so so we we are we are the 50:25 50 minutes, 25 seconds manufacturers for various brands in India. Right. So all the all the brands which are present uh in India. We we are 50:34 50 minutes, 34 seconds aiming for uh making them most of them are our customers already and you are left alone. We are we are in touch with those also. 50:45 50 minutes, 45 seconds Okay. So if I can put it another way, you are planning for something to become big giant like or something. 50:55 50 minutes, 55 seconds Uh I mean would definitely look at that kind of vision. uh I mean uh so I will I 51:02 51 minutes, 2 seconds will uh add so we keep keep doing uh um some of the R&D uh that you know u so 51:10 51 minutes, 10 seconds unique space where we can how we can create some healthy products and you know those kind of elements which we do uh but if we look at the uh scenario 51:20 51 minutes, 20 seconds that if you look at our clientele actually if you will see that in 40 we are catering to RCM and the some of the 51:27 51 minutes, 27 seconds other clients like ITC web pro or go these kind of companies who are also uh they are also growing. Okay. So we look 51:35 51 minutes, 35 seconds at that good growth with them and we have already like uh done growth with them. So so that is one of the key area 51:43 51 minutes, 43 seconds at this moment what we see that how we can grow um with them uh in a better way 51:50 51 minutes, 50 seconds uh as we have installed the capacities in near past. So that is going to be the major factors for the growth as of now 51:58 51 minutes, 58 seconds and uh we are really positive about uh uh you know uh increasing the uh production uh with them. 52:09 52 minutes, 9 seconds Okay. So it's in terms of revenue if I would ask like in terms of new sales uh 52:15 52 minutes, 15 seconds to be more precise. So these big brands are adding up to what percentage like RTM is your existing 52:23 52 minutes, 23 seconds customer and somewhere you have said that they are about 40% of the revenue for the FM region right 52:30 52 minutes, 30 seconds yeah and in in future in spite of RPM having their own growth as I mentioned 52:38 52 minutes, 38 seconds at 25 to 30% of PGR still we are expecting uh that the ratio would would 52:44 52 minutes, 44 seconds be from 30 to 35% of RM the uh major ratios of 70 to 75% should come from the the branch. 52:56 52 minutes, 56 seconds Okay perfect that that's all from my all the things you think for that 53:05 53 minutes, 5 seconds most welcome thank you 53:18 53 minutes, 18 seconds Ladies and gentlemen, anyone who wishes to ask a question may press star and one. 53:34 53 minutes, 34 seconds Next question come from the line of Virindra Kumar Suni from Rajat Associates. Please go ahead. 53:41 53 minutes, 41 seconds Hi. Are you comfortable to listen? Can I ask him? 54:01 54 minutes, 1 second Uh so actually 54:14 54 minutes, 14 seconds portfolio multiple 54:38 54 minutes, 38 seconds We have very strong and 54:54 54 minutes, 54 seconds But marketing 55:28 55 minutes, 28 seconds retail modeling house. 55:41 55 minutes, 41 seconds But I think weakness. 55:58 55 minutes, 58 seconds Okay. Thank you. Thank you. Thank you. 56:05 56 minutes, 5 seconds Next question come from the line of from Kumali. Please go ahead. Uh yeah. 56:15 56 minutes, 15 seconds Yeah. Yeah. Okay. Thanks. Uh last of 56:24 56 minutes, 24 seconds also during uh recent but I'm really sorry sir but your voice is not audible. If you can speak loudly please. 56:32 56 minutes, 32 seconds Uh now yes. Ah okay. Uh thank you. uh despite 56:39 56 minutes, 39 seconds of business perform well as well as textile sector facing some issues from recent quarter but companies achieve 56:47 56 minutes, 47 seconds better growth. So how we achieved this milestone and outlook for upcoming quarters. 57:04 57 minutes, 4 seconds So uh during the last year our journey for FMCG segment started right and as the first step towards this journey uh 57:13 57 minutes, 13 seconds we acquired the Sunra group product private limited by acquiring its 100% equity and basis the performance of the 57:21 57 minutes, 21 seconds subsidiary we invested into two manufacturing facilities more uh which are located at 57:28 57 minutes, 28 seconds Guadali right the the complete implementation of the complete exitation of the Bora unit was done during the 57:37 57 minutes, 37 seconds month of September 2025 and for the Bjhati unit we recently completed or recently optionalized the unit during 57:45 57 minutes, 45 seconds the month January 2026 okay right in in in for the next two to three 57:53 57 minutes, 53 seconds years we will be looking aggressively for the investment in the FMCG sector and we'll expand our product line in the 57:59 57 minutes, 59 seconds similar nature of product segment this is what is as of Now uh uh in our planning 58:07 58 minutes, 7 seconds uh so there will be a change in revenue mix right uh what would be uh expectations related to the uh revolution and section segment uh 58:16 58 minutes, 16 seconds segment revenue over two to three years upcoming years uh right now we will be closing 58:22 58 minutes, 22 seconds somewhere 85 to 85% FMCG and 15% in uh textile for estimated number for FI26 58:31 58 minutes, 31 seconds in FI27 we We foresee that the ratio will go to 88 and 12%. And in FI27 it is going to be 9010 kind of a ratio. 58:43 58 minutes, 43 seconds Okay. And do you expect some traction in textile segment due to this uh peripheral design 58:52 58 minutes, 52 seconds major and towards our textile sector received from from administration. So how you look at this 59:00 59 minutes development and what would be uh potential effect on textile texture in the recent quarter. 59:06 59 minutes, 6 seconds I I I request you to please repeat because somehow I I missed out your question uh somewhere. 59:12 59 minutes, 12 seconds Uh sir uh uh there is a changes in uh car threats of India because now uh Trump administration US administration 59:20 59 minutes, 20 seconds has received car on textile sector and it uh we received training after 6 to 7 59:27 59 minutes, 27 seconds months. So have you uh looked at uh for this uh uh anti-extile sector and what's your view on this in this entire how 59:36 59 minutes, 36 seconds India would be positioning our book here? 59:40 59 minutes, 40 seconds So our presence in the textile business is predominantly in the domestic market itself. Uh that is what I can answer as 59:48 59 minutes, 48 seconds of now from your question. Uh okay. 59:52 59 minutes, 52 seconds So we we we do not um measure expose from this right? No, no, no. We we are 59:58 59 minutes, 58 seconds not getting a anything like this. That's all from Thank you. Thank you for the as 1:00:06 1 hour, 6 seconds well as uh all this. Thank you. Thank you. Thank you. 1:00:11 1 hour, 11 seconds Thank you ladies and gentlemen due to the time constant that was the last question today. I would like to hand the 1:00:19 1 hour, 19 seconds conference over to Mr. Su Shaba for the closing comments. Thank you and over to you sir. 1:00:27 1 hour, 27 seconds Yes. Uh thank you and thank you u uh thanks to all the participants. To 1:00:33 1 hour, 33 seconds conclude quarter 3 and 9 months uh FI26 reflect study uh reflect study execution 1:00:41 1 hour, 41 seconds and strengthening fundamentals at Sunk Industry. We continue to focus on scaling our diversified manufacturing 1:00:48 1 hour, 48 seconds portfolio through disciplined capital allocation, operational efficiency and customercentric growth. With our cap 1:00:56 1 hour, 56 seconds expanding capacities and strong balance sheet, we are well positioned to pursue sustainable long-term growth. Thank you uh for your time and continued support. 1:01:05 1 hour, 1 minute, 5 seconds We look forward to engaging with you in the coming quarters. Thank you so much. 1:01:10 1 hour, 1 minute, 10 seconds Thank you so much, sir. Ladies and gentlemen on behalf of X factors that conclude this conference. Thank you for joining us and human connector links. 1:01:18 1 hour, 1 minute, 18 seconds Thank you.