CERA Sanityware - All's well?

In my last update to you in 2017, I had pointed out that the Important variables to track for this company are

1. Topline growth

2. Return on Capital not impacted due to tiles expansion - Currently, it is about 30%

3. New business growth

4. No further declines in PAT margins (Somany’s margins are low - Pure Tiles player)

5. Continued investment in branding and promotions

L…