Brand Concepts · tone and specificity signals across the available quarters.
Language signals
We haven't taken that route yet and we don't intend to take that route. We don't want to do anything which is at an unhealthy pricing. Our new hard luggage plant gives us the opportunity to compete with a lot of these players at a fair price backed by our manufacturing.
I think we've already bottomed out. From here on our working capital cycle is going to go better. From March to Q1 itself, our stock has come down. We have almost 4 to 5 crores of inventory which has come down, which means that 5 crores extra cash flow has come into the system.
Phase 3 operating leverage would happen about one and a half years from now. Going forward whatever bottoming out had to happen, I think has happened. So it's all upwards and upwards from here on.