Notes from Q3FY24 concall:
- Mkt share : sleepwell - 19, kurlon - 11, total - 29%
- sleepwell strong in north n west, kurl-on on east and south.
- kurlon acquisition ramping up.
- furlenco not yet PAT level profitable, will be by feb 24.
- There are efficiencies or expertise of their respective companies.
- Kurlon has a high level of expertise in rubberised coir, making those coir, which we used to buy from outside.
- We manufacture foam much more efficiently than Kurlon. Approximately our yield is 10% higher to them.
- We are able to service our customers from the nearest distance possible. So our freight cost is going down. So these are the things which definitely yield – would yield tangible benefits to the bottom line.
- Once synergy is build, can increase mkt share.
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