The CFO says, “Despite a 5.18% decrease in total income to ₹107.22 Crore, our strategic focus on volume growth yielded an 8.58% increase in product volumes, underscoring the resilient demand for our products.”
This is a dumb statement! It’s like saying “I made less money, but on the other hand I am proud I sold more quantity”. Well, as even a fourth grader will tell you, if you reduce prices you will sell more! It is not “…underscoring resilient demand for our products”.
An decrease in Income of 5.18% against a volume growth of 8.58% means a price drop of 12.7% per unit volume, in an inflationary environment.
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