It’s not the first time AP has faced competitive threat. They have great management who have so far delivered fantastic earning growth and built a strong business. They will find a way to bring back the growth. Give them a couple of years. What they might lose in market share and volumes, they will make up for it through their other initiatives. They have capital, talent, distribution muscles and a strong brand to do that.
Disc- Invested in a few months ago at 2800 level.
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