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We exited March almost at 70% of our capacity at Rs 550 crore a month. And we wanted to demonstrate the operating leverage.

Snapdeal co-founders Kunal Bahl and Rohit Kumar Bansal are among the two sharks who had acquired stakes in the digital-first beauty and personal care company at an average cost price of just Rs 3.21 per share in August 2017. At the upper price band of Rs 324, the duo stands to make an astounding profit of Rs 38.27 crore translating into a return of 9,993%.

As of 30-Sep-2023, promoters held 37.98 per cent stake in the company, while FIIs held 31.22 per cent and domestic institutional investors had 10.92 per cent.

​On our newer brands, I think the ad spend used to be 80% until last year which has now come down to 46% and those are the kind of efficiencies that even going forward because it is a part of our business model itself, these efficiencies will continue to come in. It will take us some time to stabilise or commit to a number. That said, what we have been seeing in the past from 42% to 35%, we will continue to see those efficiencies coming in.

“I would rather stick with the frontline financials and NBFCs rather than getting into some of these fintech names. As a Diwali pick, I would still go with REC Limited because it finances both infrastructure as well as financing projects. It trades well under book value, trades at about 0.7 times. It still has a very long growth trajectory ahead.”

While we have managed the oil situation quite well by sourcing from different countries but globally, I think we are in for a slowdown. Higher interest rates in the US and Europe are likely to stay for longer.

Our third brand, Aqualogica, is at a 150 crore ARR already. Our acquisitions with Dr Sheth and Bblunt continue to grow very-very strongly. So there is a huge headroom for growth that we see.

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A total of 6,853 shares changed hands on the counter till 12:22PM (IST)

Biggest thing is that you are getting 5% on the US 10-year bond so that obviously is going to suck away some amount of risk capital out there and the fact that when they go underweight China, they relatively need to rebalance the other countries also. So, probably we are seeing some rub-off of that also, I would guess.