Latest management interview (link):
- 50% business is outsourced and rest is done in-house
- Demand is still greater than supply, currently not experiencing any covid impact
- Sales breakup: 50-55% sanitaryware (highest margin); 27% faucetware (high margin); rest is tiles (margins lower than consolidated company margins; commoditized business; <300 cr. annual sales)
- Should double topline in 3.5-4 years
Disclosure: Invested (position size here)