Compared to other FMCG companies, the results aren’t bad QoQ at revenue level.
The reason for decline in profit needs to be seen as I am assuming raw material inflation should not be a factor. Yet to see press release.
I think the strong market reaction could also be due to the very sharp run-up this stock has seen over the last 10 months.
Interesting to know the Management commentary on margins going forward, how well they are managing the distributor expansion and contribution from overseas operations (Walmart, UAE etc) going forward.
Disclosure: Invested at 1,000 level. Keenly following this stock to add more once the Management commentary is out.
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