You are correct. After I read it, I was telling my wife on way back from office about this story. Author is a jacka$$
It struck me again when I took printout and re read and he did not write the name of official from TTK Prestige, I understood it as a story from someone planted in media who wants the price down on these jewels, sour grapes.
With 80% Rural India without cookers, and increasing product range, it has long way to go. 10% increase in aluminium which is itself only 55% part of raw material cost means nothing. I also came across a paper sometime back that there are about 250 regional cooker makers, if that did not do much...then this surely cant.
On a side note, I believe these are billion $ businesses if handled correctly. You must have read about Pampered Chef acquired by Buffett. It was started by one woman who left job to follow her passion at home, its reached or crossed 1 Billion US$ in sales, its got direct selling model.
http://www.pamperedchef.com/join_us/cju_your_life.html
Probably we should take consulting assignment with them :)
Originally posted by basant
This is a normal movement. WHat is this guy trying to talk about?
http://www.lme.co.uk/aluminium_graphs.asp
Originally posted by amitdip
In the last one month, though, the price of aluminium, which accounts
for 50-55% of the material cost has seen a price increase of around
10%. “How much of the cost increase can be passed on depends on market
factors, although history states that we have been able to handle
this,” said an official from TTK Prestige. |
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