Quarter gone by Co faced headwinds due to high RM costs & high freight costs, eating into the margins.
June-July a lot of tourism picking up, due to which demand was slow. However there is no slowdown as such due to macros.
Expects sales to pick up from Aug.
(2/N)
June-July a lot of tourism picking up, due to which demand was slow. However there is no slowdown as such due to macros.
Expects sales to pick up from Aug.
(2/N)
Price hikes taken upto 8 pct, plus RM costs & Freight costs coming down to help margins expand in coming qtrs.
Expect Ebitda margins in range of 15-18 pct for FY23
(3/N)
Expect Ebitda margins in range of 15-18 pct for FY23
(3/N)
Nikhil Vora from Sixth sense asked mostly on the agency distribution biz.
Co told a point which I found was very interesting that they onboarded a Malaysian brand to distribute their products in overseas markets.
(4/N)
Co told a point which I found was very interesting that they onboarded a Malaysian brand to distribute their products in overseas markets.
(4/N)
Made me realize this supply chain that they have for agency distribution is not jus ltd to Indian Brands, but It could be a brand from any country who wants to sell their products in US UK etc, and will render services from ADF.
(5/N)
(5/N)
Co has already started supplying their products to one of the QSRs in India & are in talks with others as well both in India & abroad.
(6/N)
(6/N)
Patanjali biz wud give them 0.5 million pound revenue in FY23, they expect to take it to 3-5 Million Pound in coming years.
(7/N)
(7/N)
Co invested 5 Million $ in a US QSR Startup Naansense, Co will also provide their products to the restaurant chain to understand the taste & requirement of the consumers.
(8/N)
(8/N)
Co is also in discussion for inorganic opportunity, & soon should finalize on the acquisition.
PLI Benefits on marketing expenses, co will start booking into the bottomline in the coming quarters.
(9/N)
PLI Benefits on marketing expenses, co will start booking into the bottomline in the coming quarters.
(9/N)
You can also check the thread on the co I wrote about to understand more the business model & the outlook forward.
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