abhishreshthaa
Abhijeet S
Cocoa bean prices: Domestic as well as international prices of key raw material - cocoa have significant impact on margins.
Excise duties : Changes in excise levied on malt and chocolate influences end product prices and thereby volume growth as well as margins.
Changes in custom duties and foreign exchange fluctuations, as 20% of raw material is imported.
Competition from MNCs like Nestle as well as imported brands. Increasing competition puts pressure on advertisement budget and margins. However on the positive side, it helps in expanding the market.
Excise duties : Changes in excise levied on malt and chocolate influences end product prices and thereby volume growth as well as margins.
Changes in custom duties and foreign exchange fluctuations, as 20% of raw material is imported.
Competition from MNCs like Nestle as well as imported brands. Increasing competition puts pressure on advertisement budget and margins. However on the positive side, it helps in expanding the market.