I tried to contact co. representatives to get more clarity on the ‘No growth Issue’ But they won’t reveal anything more than what is mentioned in the presentation.
If we look at picture from a broader point of view.
The sales of other biggies like Welspun,Trident etc. is also hovering in the same range since last many qtrs.
Their growth no’s looks good bcz their sales were horribly impacted last year, whereas Faze 3 was able to maintain their Rev. no’s.
Now when the industry headwinds turn into tailwinds in FY25 then we will the full impact of Op. lev coming into play.
Its just a matter of time when thing turn around.
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