From Bikaner to BSE: Snacking Away
The Morning Brief
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Ethnic Snacks
The ethnic snacks industry is pretty much like aiming fmcc company with a very high capital efficiency. Most of these businesses actually sell on cash you know or even on an advanced basis so if you look at in terms of the comparison they would probably peg it around $10-$15 billion. We think that this will find valuation range that will fit most of the other lister companies in the same sector. It depends entirely on the management we have seen many companies still run by the family members and there's nothing wrong about it.
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