Kaveri Seed Company · tone and specificity signals across the available quarters.
Language signals
The cost of production was a bit high compared to previous years, and we were not able to pass on everything to the farmer. That 2-3% has impacted us this quarter but it will not continue going forward because the production prices have already stabilized now.
Most of the companies have taken aggressive production and that has resulted in extra cost of production for all the companies. When you see the Q2-Q3 results, most of the companies have got huge inventory and it was heavily flooded in the market.
We are open for inorganic growth as well, but in terms of buybacks, we'll have a meeting in the follow-up quarter then we'll decide about the buyback.
Most of the growth what we anticipate this year should come from the new products. We have already seen the initial trend last year. So that will grow that will continue to grow.
The sentiment of the farmers or the cash flow is a bit tight across the channels and even we have not insisted more on advances because the margins are getting shrunk.
We are not competing with illegal cotton at all. We are competing with the normal legal BT cotton across. Our new hybrids have performed well last year, so we are anticipating a growth in those hybrids.