We hosted Mr. Akhil Chandra, Business Head (Indonesia), GCPL for an investor/analyst interaction. Akhil provided clarity and insights around GCPL’s Indonesia strategy even as the operating environment continues to be tough. We like (1) well-positioned product portfolio with leading shares in respective categories, (2) agile innovation and execution capabilities particularly in the hygiene category; focus on personal hygiene to drive structural growth is also impressive, (3) focus on improving go-to-market (GTM) execution and the distribution expansion achieved in the last 3 years.