Mrs. Bectors Food Specialities Limited

Harit Kapoor

Just a few things from my end. First was on again, on the margins. So if you look at the sequential improvement, not only in your EBITDA, but in your gross margin also, there has been an improvement here from about 46-odd to 47-odd percent. What do you attribute that to given the fact that inflationary trends have only accelerated from Q4 to Q1? I know you did speak about mitigation, but there has actually been an acceleration. So is this Q1 specifically a product category mix differential also that plays out? That's the first. And the second question was on the opex side of things. This quarter, you have seen a bump up in the other expenses.

Would you attribute that largely to, say, the freight cost challenges as well as the marketing initiatives that you have -- the brand investments that you have done? Would these be the 2 key factors driving up the opex growth? These are my first 2 questions.