Thanks Tarun for sharing your notes. Its very clear that company’s quartz sink business is doing very well and pipeline is strong for short term. For long term as well being an IKEA supplier gives strong hopes.
However, I am always surprised at the rate of diversification at Acrysil for better or worse. Whole range of new products in bathroom and kitchen appliances segment have not done well from quite a while now and yet they are talking about introducing a new range of products for them!! I have always wondered why they are so shy at expanding their growing quartz business while going to all other segments without hesitation. In recent history they have consecutively increased quartz sink capacity by 20%. Now they are expanding at 20% again in fire fighting mode to meet the demand. Why not increase capacity significantly in one go and focus on selling more of what’s already selling well?