My understanding for the questions you asked:-
- The COGS is lower in this quarter and management expects it to stabilise in a similar range. Also, the new customer acquisitions in the export market along with IKEA order should also help the margins to sustain above 20%.
- I personally did not read about increasing volume inventory. However, they did mention about a strong dealer network and the fact that showrooms have gone up from 10 to 60 in the domestic market. On the back of this, they are targeting 200Cr domestic sales and this should reflect from Q3
- The management corrected that B/S shows higher debtor days as UK Tap company acquition is integrated this quarter and that reflects in receivables and debtor days.
Disclaimer: This is just my personal understanding from the Company Concall
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