KRBL is primarily selling Basmati rice. Basmati rice goes through 1-2 years aging process. As such rice bought today will be sold in FY25 at the earliest. Hence its margins will depend on prices prevailing at the time. Currently if there is a drop in rice output and price goes up, its inventory (though KRBL inventory has been dropping for some time now, from 3129 crs in FY19 to 2304 crs today) will gain in value and the company will see higher margins. Even if there is a ban on export of rice, Basmati rice is unlikely to be part of it, as it is more expensive and not really part of govt buying program under MSP.
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