Normally countries like india regardless of their spending...

Normally countries like india regardless of their spending percent because of sheer volume of people consumer staples like coke unilever Nestlé Colgate etc have approx 35+ p/e on the stock markets due to financial disciplines and stable earnings and dives they command this premium anywhere between 35-50 in p/e

Hence due to 263 MNC population and growing fast I think ccl.ax is still damn cheap at 17 p/e

Dyor

I am comfortable to pay upto 25 p/e if I have to for this GEM!!!!!