Agree. Their EBITDA margin does not seem so superior to their competitors now that the film spreads have reduced. So wondering how specialty is helping.
Also, I thought i heard on the call that the capital so far for Zigly is 50cr – can someone confirm? I thought in the previous calls it was mentioned that capex was very small so was puzzled at this number. Has anyone been to Ziggly stores or done any scuttlebutt on Zigly? Would be interested to hear the experience.
They also seem to be getting into so many new products.
@jitenp Given your knowledge of this industry do you think the speciality films share that the management talks about are really sustainable way to improve margins ? Their target for this year also seems ambitious at 80%
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