Results appear pretty good given the MEP on basmati was only removed in fag end of September .
Infact, Duty on nin basmati exports is also removed now. This should boost non basmati exports also.
Secondly, the raw material (new crop ) (at lower price) may play significant role in profitability in Q3 and Q4.
Rice harvest is bumper and stocks are at record high.
Disc: invested.
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