June 2024 Q 1 Concall
Interesting Points
Got EU GMP for turkey and hence they can supply material to Europe
Turkey market share has improved and currency has stabilised a bit
Currently Import / Export ratio for turkey is 2 – Mgmt wants to bring it down to 1
Cost efficiency and product mix has brought better results
Still overall percentage of revenue from Companion animal side remains pretty low – Mgmt wants that to rise
New revenue stream of vaccine distribution might open up for the Company as they are present at the front end
Looking for some inorganic growth as well but need to keep in mind the debt levels and working capital days have also gone up but as per mgmt it will stay like that for sometime due to disruptions caused by war and supply side issues
Disc – Invested at higher levels
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