Shrimp recovery to US continues, with strong volume growth. However, realizations have kept coming down. Indian and Ecuador cos maintain their market share. Source: Tijori

Sorry to say, but if this is your takeaway, I don't think you understand banks, NBFCs, or the co-lending model. The transcript says Nirvana Laha asked the question, but it was me. He's answering a specific question on co-lending, and the benefits of lending via this model for

Spoke to the zonal head at one of the innerwear companies in India, who spent the entire call praising Dollar Industries' business model. Notes below: forum.valuepickr.com/t/dollar-indus… If you want to understand Dollar, search for Ankush Agrawal on the concalls.🫡

Channel check with Page Industries (Jockey) Distributer - Mumbai The key takeaways include: 📌Demand continues to be weak due to persistent weakness in the category and macro-economic conditions 📌During festive season sales were down 5%-10% YoY 📌Jockey retains its premium

If you've thought some meetings at work are pointless, spare a thought for the executives at Muthoot Pappachan Group.

Camphor: commodity dark horse for FY25? India imports a large portion of Camphor's RM from Brasil, where there is talk of lower supply. Indeed, imports of this RM from Jan-March have been the lowest in six years. Camphor prices could start to increase in Q1 going forward.

Manganese alloys in the last few months: Ferro Manganese - INR 68k to 96.5k (up 41%) Silico Manganese - INR 68k to 96.5k (up 39%) I'd expect to see large inventory gains in Q1 for alloy companies. Not a reco.

Great long read on the conflict of interest in the AGI Greenpac / HNG acquisition opindia.com/2024/05/edelwe…

Update: demand played spoilsport.

Wrote a detailed note for Congruence Advisers on PDS Ltd - a unique apparel sourcing services platform. Its one of the very few listed platform plays in apparel sourcing globally that I am aware of. Understanding their business model is definitely worth the time congruenceadvisers.com/microcap/pds-l…