They are leveraging hindware brand into consumer and pipe segment .
They are definately successful into chimney segment(as per their numbers and my scruttlebutt) and may succeed into pipe segment as these are related businesses.
However, going into fans and many nonkitchen items is definately DIWORSIFICATION.
Management has also guided about (feb 2024 concall)
1…Withdrawing from non kitchen products.
2…Debt
They have 220 cr cfo in 2023.Due to huge growth opporunity, they are planning for expansion into pipe segment.All other cash will go into debt reduction.
Disc…invested
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