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Yashika Narang

@yashika_narang
2 years ago ~970 views
šŸ‘‰ Paper prices have been surging from months now and it acts like a raw material for companies like $Navneet Education Ltd and $S Chand & Company Ltd

ā–¶ So, in the ideal scenario, these companies should have been impacted due to high input prices.

ā–¶ But, in an interview, Sunil Gala (MD & CEO of Navneet Education) clarified that $Navneet Education Ltd won't be affected.

ā–¶ The company is confident that it will maintain its EBITDA Margin of ~21-22% in the upcoming months and will achieve a revenue of Rs 1,600crs in FY23.

Contd.. šŸ‘‡
Asset under discussion
Navneet Education Ltd logo
Navneet Education Ltd
S Chand & Company Ltd logo
S Chand & Company Ltd
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Yashika Narang

@yashika_narang
2 years ago ~140 views
ā–¶ Company's solution to higher raw material prices is to tap into existing inventory of low cost materials. Navneet already benefitted in the 1st quarter as previously they already had the good inventory with it.

ā–¶ Even for the upcoming year, company has started preparing itself and is confident that even if the costs increases by 20-30% (for the products that costs Rs 60- 100), the prices for consumer will remain same.

You can also refer to the interview. Link here:

https://www.dailymotion.com/video/x8di0zt
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