Link to the Q3 results here
Link to investor presentation here
The sale growth is good as expected. However gross margins have eroded QoQ. Investor presentation points to below mentioned reasons for margin reduction
That being said, company seem have added around 200 distributors in India since the previous quarter. The below number was 500+ in last quarter’s presentation.
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Another interesting slide is about the inventory comparison between current and previous quarter. Company have used ~1,600 Cr. cash & about ~500 Cr borrowings to increase the inventory position by about ~ 2,400 Cr. compared to last quarter. @hitesh2710 sir, Is there a way to infer further margin expansion from these set of numbers or otherwise? Any other views that you would have on KRBL please.
Tailwinds for the business –
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