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Even though the one oil (RMO) has boiled down, the other oil (LLP) is still high.

From latest investor presentation,

https://www.bseindia.com/xml-data/corpfiling/AttachHis/40d80191-216f-49cb-8ae3-d56f753ebdce.pdf

But there are few positives.

1. Reduction in consumption of glass bottles by 8%. (above 16% done last year)

2. Reduction in consumption by 6%. (above 14% done last year)

3. Reduced 30% of water consumption compare to H1

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Company announced buyback of around 2% share @ 240/share from open market.

Good sign from promoter to have faith in the company. And may be the best used of tax efficient money distribution. I was hoping a better dividend instead, but this will do enough to support stock prices for next few months.

Source : https://www.bseindia.com/xml-data/corpfiling/AttachLive/b5e1aa63-7d62-41c7-8386-704ab6582a0b.pdf

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Consolidated sales increased by 9.5% YoY, and 14% QoQ.

Total market share remains flat at 10.4%

Urban demand has improved now positive, rural demand has slight improvement but still negative.

Prices of RMO and LLP has reduced significantly and consequently the margin has improved to 17.9%

Dividend announced Rs. 5/- per share.

Performance of expected lines, the price was supported by buyback since last Q, hopefully this Q performance will support it further.

Source : https://www.bseindia.com/xml-data/corpfiling/AttachLive/8518dd3c-7421-4b0f-907b-29f19d36ee37.pdf

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