KRBL- The King of Basmati rice

Questions:

1. Director Anoop Gupta was arrested and released on bail by ED in connection with money laundering in 2021. What’s the current status on that?
   Singapore bizman admits receiving bribe in Embraer deal: CBI to court | Latest News India – Hindustan Times
   Reading the above article, I get a sense most likely he could be found guilty
2. KRBL’s Sales mix – Domestic sales vs Export sales – keeps fluctuating every quarter… over the last many years. There is no clear secular topline growth visibility… And due to this differing mix, margins would also fluctuate
   Can someone explain what is likely to be the mix going forward?
3. Intense competition in the domestic basmati industry with many private labels and other competitors offering similar sized rice grain at lower prices (BB royale, Patanjali etc etc)… They would operate at much lower margins. Would’nt these players limit krbl’s domestic sales growth at krbl’s current margins?
   I think future trajectory for krbl’s margins is only downwards from here if it wants to grow its Sales at a healthy pace.

Q1F23 was good. Q2 F23 was good. The stock price run up since Q1F23 results – Looks like people have forgotten the above concerns with a couple of good quarters