Company said this kind of margins will be same for 3 years and then we can see some change
Also , partnership with oikos will be much better than san marco , as san marco had relations with Asian paints , so they took decisions and done partnership with oikos
They are various competitors coming in the market and giving competition to Sirca
But They are dumping cheap normal product and not focusing on technical
Whereas Wood coating is kind of product which needs technical support
But competitors have no technical support and dumping products as commodity
Environment is changing , Sirca is facing competition
We have good quality products and good technical side
That why company is spending good amount of money on Advertising
They are also trying to building relationships with local dealers and other potentials ,
Previously , people use to hire architect and build home , where Sirca had catch , due to architect referred our product in terms of quality
But nowadays people need readymade furniture and so demand in retail is decreased
They said Sirca can get sales as they will do sales to oem’s
Company is on right track with spending on advertising and doing capex
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