I think the point @DrHarshilRohit (please correct me if I’m wrong) is trying to make is that Radico, for instance, has seen a huge QoQ jump in net profit of about 40% and hasn’t seen the seasonality we’re talking about over here.
Piccadily’s real growth started coming in only in Q3 last year and hence a YoY comparison isn’t a fair comparison.
Disclosure: Invested
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