- Domestic sales were up 4.1% YoY, led by 2.3% YoY volume growth
- CLGT’s revenue increased 4.3% YoY to INR11.5b. Gross margins expanded on back of higher staff costs and increased ad spends .
- Slowdown of growth in the herbal segment (where CLGT’s market share is less than 30% vs 55%+ in the other segments put together) and the return of premiumization augur well for market share gain, top-line growth and margins
- If volumes recover, CLGT’s massive unutilized capacity can be used to grow earnings much faster than its peers
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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