KRBL- The King of Basmati rice

@PraveenKG
There was a recent concall held by KRBL and many questions were raised on this topic, the following are my personal observations

1. Saudi is a 1000cr potential revenue (yearly) market for krbl
2. since fallout with the distributor there are no sales coming form saudi ( its been almost 2 quarters )
3. management has assured that the case filled is a bogus case and are hopeful of revolving it in current quarter
4. The management in their last cooncall were confident of finding a new distributor by 15th aug 2023 but that has not happened and are still inprocess of finalizing a new distributor
5. With volatility in rice prices, exports dropping, the rice ban imposed by govt taking a toll it is important that the management resolves the distribution issues in saudi and comes out winner in the litigation matter as soon as possible