Nature’s Basket is a very niche and high margin business with a fantastic potential to scale up across select geographies, but currently in wrong hands. Familiar story like Spencer’s Retail playing out in Nature’s Basket too. The -ve track record is there to see. Nature’s Basket revenues in FY21 [Check Page No 9] has come down post acquisition by Spencer’s Retail – Check Q1FY24 Results [Page No 9]
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