So a Oral care contract manufacturer now wants to open retail stores for Patanjali, quite wild idea!!!
He also wants to expand contract manufacturing to other FMCG categories (I guess its better to focus energy on oral care where they hardly have 1% market share!!). But wait a minute what does it has to with retail stores??!!
He predicts more than 30% growth in foreseeable future in current business but still wants to grow inorganically as well, I guess 30-35% growth was too small from JHS standards!!
Bottom line is JHS got some excess capital and they just want to splurge on pet projects.
I have small quantities of JHS, looking to sell based on these wild ideas.