I find the product to be okay.
It needs to be noted that there are many similar type of products available in the market.
Not only they are under utilised but they are also expanding capacity with the third party vendors.
Like I can recall from conversation…there are some clients who ask the first question…
Can you service this huge demand?
So from that perspective…they are making themselves ready to take it to large scale that even the huge orders can be serviced.
They mentioned they are supplying cutlery in Mata Vaishno Devi shrine board and are in talks with ISKON as well.
Though they may even earn less from these but imagine brand building that happens in such cases.
Now that they are confident on the Product output after lots of work-reqork-improvement cycle…I am hoping in next quarter they will pick up volumes as well.
In this quarter Chuk should turn profitable.
More than Chuk, their revolutionary products on packaging will drive margins and volumes higher
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