Regarding opting for same pricing in sustainable
recycling tubes, this is what the company had said in q4fy24 concall, I am paraphrasing here:
‘Pricing for sustainable tubes is pretty much the same as normal tubes, this is a strategic decision so that the shift to sustainable tubes isn’t slowed due to someone else offering normal tubes at lower prices. Also, they don’t want to loose wallet share because of this.’
They try to price it higher wherever possible, so doesn’t seems to have any pricing power yet.
With too many geographies there are many moving parts and probability of some thing going wrong is higher. Mgmt guidance is for double digit revenue growth with 20% ebitda margin.
Disc: Invested with zero returns in this for past 3 years.
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