Hi Friends,
I was looking at Nitta Gelatin Inc (Japanese promoter of the JV), they have come up with their 10 year plan (basically to grow faster and increase the mix of value added products like food-grade collagen peptides, etc.).
Nitta Gelatin India supplies a good part of exports through their parents connect, wondering how does this renewed focus of Nitta Gelatin Inc helps the India JV. Does it mean that they will also increase the mix of food-grade gelatin, etc.? Does it help in improving margins?
Also, in their AR they have mentioned that they are now operating at near 100% capacity utilization. How should we look at revenue growth for them in coming years - current run rate is Rs500-530 crore, should we just expect pricing led growth? Has the management guided for any new capex?
Wondering that with growth there in space (steady demand for beauty products & from pharma industry), which player is more likely to capture the demand (Nitta, Narmada, India gelatin, etc.)?
Disc - Not yet invested, but looking at the space
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