Product Concentration RiskConcentration in OTC eye-care and personal-care products creates revenue concentration risk. Market share shifts, changing consumer preferences, or retail channel disruption could disproportionately affect sales and slow durable growth if new categories or geographies underperform.
International Execution RiskInternational expansion is cited as a growth driver but segment-level details are limited, underscoring execution and translation risks. Scaling via local subsidiaries and partners exposes the company to distribution complexity, incremental investment needs, and FX volatility over months.
Operating Margin PressureEBIT margin fell to 12.46%, suggesting rising costs or an adverse product mix. If this trend persists, operating profitability could be pressured, reducing free cash flow conversion and constraining reinvestment, dividend capacity, or pricing flexibility over the medium term.