Company Guidance for the next few quarters is to focus on the “Food Products and Others” Segment consisting of the Soya Foods, Biscuits, Breakfast Cereals, etc. and the Food Business acquired from Patanjali Ayurved Ltd.
Also, noteworthy that the FPO Proceeds (as mandated earlier) have been utilized to repay Consortium Borrowings aggregating to 2664 crores, resulting in Interest Finance Costs reduce from 186 crores in Q1FY23 to 10.7 crores in Q2FY23 and that which also address, albeit partially, the overhanging corporate governance thread of loans refinanced earlier. The following quarters should see a +ve impact on overall margins due to reduced Finance costs.
Disc.: Invested.
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