During the first quarter of the FY24, there is 12% QoQ growth & 57% YoY growth with slightly better margins than those in FY23. Apart from pointing to Russia Ukraine war, the annual report points to penetration in quite a few geographies as well as launch of new products.
That being said, I am not in position to comment if FY23 or Q1’24 performance is sustainable as I am not proficient enough in understanding the global market dynamics of eggs and its derived products. If you have got hold of some information/knowledge which can point towards the probability of non-sustenance of company’s performance, that will help the investors in this community.
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