Thanks for the inputs on the promoters Vivek.
Not sure if doubling sales from 33 to 74 cr is imp at this point of time. The profit did went up from 3.8 to 13 during same period.Company has been growing steadily.Increasing nuclear families, increasing disposable incomes, improved brand visibility and introduction of new line products (crystal ware) only add to further growth.
Thanks for bringing the Anti Dumping thing N Sood. Anexcerptfrom the same link posted in my earlier post.
"At that time, import duties were around 60-70% which has been progressively decreasing every year. this has eaten into La Opala’s mkt share to an extent. the main foreign competitors were luminarc and corelle. besides diversification into a whole new product category, the company has been doing things like sprucing up distribution, bettering designs etc on an ongoing basis.
“Diversification was an obvious choice. We decided to get into a new product category: crystal glass,” says Ajit Jhunjhunwala. “Once again we entered a South Korean collaboration for technical expertise, this time with Doosan Glass.” Crystal glass, which was manufactured in the company’s second Madhupur plant equipped with the latest South Korean technology, was another great hit."