On RM, let me clarify. I meant utilization, but used scale. Since Pokarna has significantly lower utilization than Caesarstone their fixed cost would form a larger proportion of cost, crowding out RM on a % basis.
On assets, while standalone financials (granite) mentions Quarry buildings, PES financials don’t. So this almost confirms that they don’t have own Quarries. My notes from last read of AR don’t mention Environmental/pollution clearances. Will post if I find it.
It will be quite valuable to know the sold and processed square footage of granite and quartz for the last year. @sambath could you try to get this as well.
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