Great set of results. Although, it’s surprising to see sudden drop in Raw Material prices, it doesn’t make sense to me how within just a quarter the raw material prices have gone down sharply given historically company was sitting at already highest operating margins. Now I get that there are scopes of improvement every now and then but it’s a 1100 bps improvement. So, there must be some material change that has led to this improvement or something wrong was there earlier.
Does anyone know what their raw material is?
Is there any mention anyone has found about their expansion plans in rest of the country? Because it’s been quite a while the company is sitting in just 13 states which is less than half the country.
Disc. Invested and want to add more but not before I have the answers.
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