One of the positive factors in recent time is increasing gap between cotton prices and polyester prices. Though cotton prices fell but fall in polyester prices was more steep as it is crude derivative. Polyester is raw material for Sarla. Yes Gaurav, you rightly pointed out about crude tailwind benefits to Sarla. But historically (last 10 years), Sarla has enjoyed 45%+ gross margin, management is of the view they sell value added products which gives them these high margins. In addition, USA plant is also adding to margins as it is stabilizing.
But yes, will surely take your point on concall about volume and realization growth. Thanks
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