• The second quarter was an aberration. Market sentiment was very bad, there was a tight liquidity situation, owing to floods. There were no dispatches from August 5, but things have started moving in the right direction.
• Think Q3 and Q4 will be like Q1 or maybe slightly better. In Q1, the volume growth was 10%. The volume guidance should be close to 11-12% in the second half.
• Retail is very good though real estate sector is in bad shape. Margins should be close to 15-16%.
• (Optimistic on sanitary business) Last year closed at Rs 200 crore and promised 30 percent growth. For the year company will do it. As far as plywood is concerned, last year did Rs 17 crore, this year company is targeting Rs 36 crore of revenue growth.
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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