Could someone explain to me what variable costs would not be included in the COGS and why?
shame we aren’t hitting the 20-25% growth in own brand, which would be required to hit the 2025 target.
drives home the fact that we are operating in a saturated and highly competitive market. With that being said, 16% growth is impressive, just not what I based my investment thesis on.
Ann: FY22 Results, page-7
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