My reading of the call
Focus till now was on export. Management has realised potential that domestic market can offer and thus increase in dealer network.
Business has slowed in global market but performance may bounce back after 2 quarters and then may grow from there.
Good part is they are selling new products to same.customer . They can’t sell more of sinks so might as well sell faucet and top.
This thesis may not playout in next 3-6 months . This could be a good to look at from 3-5 year view. By that time global market may settle down and also other triggers may start playing out ( domestic market ) .
Some time diworsification can help to find a much more scalable line of business.
It’s good to try to grow buisness then to say global factors are spoiling the party.
Right Efforts help buisness scale over a period of time .
Biased views are personal.
Hold stock in portfolio.
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