Finolex Industries - Long Term Compounding Story

Recently I could speak with senior sales person from finolex for few min. As per discussion Finolex Agri pipe business has growth of around 30% at his regional office level. He said this was pretty much same across southern States.
Cpvc pipe growth was around 60to 70% but not to consider it because of their low base. Have been training plumbers with regular meetings. 4 meetings held in last 3months and trained around 100-125 plumbers per meet. Cannot comment/aware on margins. Not giving any extra discount to push sales except regular discount to dealers. Main competition in his area is from Astral and ashirvad. He is not aware of any pvc - edc spread /expected company margins. Only few large preexisting dealers have been given credit of one month for cpvc business otherwise it’s cash and carry.
invested.

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