Did some more scuttlebutt on 5kg pricing a while ago.
Below is the table:
1kg and 5kg India Gate Classic brand was either absent or had very poor shelf space in Hypercity, Spar and More stores. If somebody can check two biggies – Big Bazaar and D-Mart that would complete the picture.
I don’t see domestic sales of KRBL picking up and Export remains the saviour for coming quarters. Even there, I think similar story will play out. These are testing times for India Gate as a brand.
Further drop in paddy prices means that KRBL has to manage high price paddy procured 18-24 months ago.
I think when paddy price cycle turns – then KRBL might be an attractive play for 1-2 years after that.
Disc: Sold partially yesterday. Looking to sell half holdings on rallies.
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