Just went through the transcript.
Usual margin related queries and distribution growth queries which are asked each quarter.
Three Points to note!
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Coffee Prices are going up. 10% of India business is in plantations and solubles (what they call the third-party packaging business). Margins should be volatile here.
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Capital Foods and Organic India should see both revenue and margin grow in this FY.
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Nourishco is at 9.5 Lakh outlets which is just 15% of possible outlets.
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The query which I felt was key and came at the end was however longer term. Posting transcript as it is
BPC is Beauty and Personal Care which is expected to be a $30 Billion dollar in revenue market by 2027. If and when they enter will provide significant boost to both revenue and margin profiles.
Disc: Invested from lower levels. Is part of my core portfolio and I hope to keep it for a long time.
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