Hi
- I agree Valuation is a bit stiff at this price and I wish I had met the mgt few months ago.
- Mgt did explain that synthetic colours will take a long time to be replaced by natural colours due to several reasons (naturlas have less variety in shades, they are expensive, it is just the propoganda that several countries have made naturlas food colour obligatory, it is like govt. making organic food in all the restaurant mandatory
- Regarding customers: If you are getting same quality stuff at a substantially cheap rate from a branded player who is positioned second in the industry, would you buy? that is how Mr. Manke explained.
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