Thank you for explaining why hedging is needed and what can go wrong with hedging. (Thanks to GPT or Gemini, whoever gave the description)
However my point of asking is regarding the % of gold hedging by PN Gargil as compared to other players, e.g Titan hedges 100%, Senso Gold hedges about 95% etc. I believe the hedging portion of PNG is lower than others, which can impact both upside and downside. I’m asking because last quarter Senco shared hedging impact on profitability.
A minor risk to be noted while understanding a business.
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