The only negative I saw in their comment : "pearls harvested during the March quarter showed a quality decline from the first half of the year". It is worth keeping an eye on this ("the company is hoping that it is an isolated quality issue related to one genetic cohort").
Anyway, interesting to note that part of the March harvest has already been sold during the March quarter (14 % according to my calculation) and it has not prevented a large unit price increase as unit price went by 47 % during March quarter vs September 21 Q and by 42 % vs H1 22.
In fact, the average price of 50.22 $ reached during March 22 Q looks really high. It compares with an average price of 35.30 $ during H1 22. We know that part of the price increase is explained by online sales which are done at higher average prices. In FY 21, the company reached an average price of 40.21 $ for its online sales. So, March 22 average price is even higher than the prices reached online by the company last year. I really wonder what are the reasons for such a high price.
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