Hi Hitesh,
Thanks a lot for the detailed analysis. Following up on @Parakh’s point that the cost of raw material has gone down. I looked up the price history and see that the price has dropped from a peak of Rs.194/Kg in July 2022 to current levels of Rs.68/Kg which is a 65% drop. Hence a 50% drop in material cost is in line with this data.
Subscribe To Our Free Newsletter |