The sustainable margin as per the management guidance is in the range of 11-15%.
You’re Right, The margin hit is due to the launching of new products and expanding to new geographies.
The working capital has increased and there is some pressure there.
The macro factors as they are focusing on the MENA region currently there are geopolitical issues that could be some macro headwinds along with the Red Sea crises, as far as micro it’s how far they are able to scale and transition successfully from B2B to B2C is the thing that to be watch out for.
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