Totally agree to your point that globus will trade at cheaper valuation in comparison to its peers. More than valuation re-rating, a cyclical reversion is what I am looking at here. Higher contribution from consumer business is something that may happen. Company is doing well on the sales front. So raw material prices has been the major spoiler.
We may softening of food prices this year, which should aid margins.
Estimated rice production for the year in India is expected to increase by 3 million tons
estimated production india 2024.pdf (458.2 KB)
Also, find attached USDA estimates
rcs-24i.pdf (1.2 MB)
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