Q1 2024 Bajaj Electricals Ltd Earnings Call Transcript
Hello, everyone. Welcome to Bajaj Electricals 1Q FY '24 Earnings Call. For the management side today, we have with us Mr. Anuj Poddar, Managing Director and CEO; and Mr. E.C. Prasad, the Chief Financial Officer of the company. Thank you, and over to you, sir.
Thank you. Thank you, Drew. Good evening, everyone. Thank you for joining our investor call today. Let me put my opening comments in. We have had a soft quarter performance. I think this is largely due to a soft in used discretionary consumption environment in the -- sorry, discretionary consumption demand environment in the economy, coupled with a weak summer and due to unseasonal rains. If I speak up our results a little more for you, particularly when we talk about consumer products, appliances as well as multi-insurance business actually has seen a growth, but partly offset by degrowth in the fans business because of the unseasonal rain in the summer period.
As always, we've continued and tried to balance out and
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