But just take a look at broad picture. The largest player is Associate capsules (ACG) which has 120 bcpa capacity out of India’s 250 bcp, so 50% market. They targeted last year to double the capacity soon. How natural capsules would have advantage over this giant?
vegetarian capsules could be a big play, because to supply issue of Gelatin, but all companies are doing veg. capsules.
After coming up of this large capacity, margin may not stay at that levels.
If anyone had a word with the management, can throw some light on it.
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