Pratik one doubt, please help to resolve –
1). volume grew by 4% Y-o-Y – As per my understanding this should be at the consolidated level.
2). GP margins increased from 50% to 60%(approx) – this means that the decrease in raw material prices has not been passed out to the clients, If this is true then, the Indian sales might have been shifted to US sales and the volume growth might be just because of sales of Nylon 66. It can be also that the crude benefit might be bigger than 10% (around 15%) and 5% has been passed back to clients. In this case then, the Indian sales might not be shifting to US plant.
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