Aim to clock Rs 3500cr turnover this year: KRBL

Written By Unknown on Rabu, 06 Agustus 2014 | 18.00

In an interview to CNBC-TV18, Anoop Gupta, joint MD of  KRBL spoke about the financial performance of the company and road ahead.

Below is the verbatim transcript of Anoop Gupta's interview with CNBC-TV18's Anuj Singhal and Ekta Batra

Anuj: If you could break up this sales growth of 17 percent in terms of volumes and pricing and what is the outlook for the rest of the year?

A: We have touched topline of Rs 807 crore. Basically, 45 percent of this is exports and 55 percent is domestic. While our EBITDA is 16.86 percent in this quarter; sales are concentrated in brands. Brands give a better bottomline. Today we have got around 30 percent market share in India for India Gate brand. Our brand acceptance is going up day-by-day.

Ekta: Can you give us a sense in terms of what you did in your geographies, how much of your exports contributed in terms of your total sales as well as what your domestic business did like?

A: 55 percent is my domestic business is all over India. We have got around 484 dealer distributed network from Kanyakumari to Kashmir. We are well available in all the grocery markets of India. As far as exports are concerned, 45 percent is Middle East, Saudi Arabia, Dubai, UAE, Muscat, Oman. We are there all over the world, but 70 percent of this turnover of 45 percent is coming from Middle East, which is a basmati eating area.

Anuj: What is the outlook from that particular area going forward especially countries like Iran?

A: As far as KRBL is concerned, our exposure to Iran is minimal. It is hardly one percent. The reason being there is some payment problems. We are very good in Saudi Arabia and Kuwait, in other Middle Eastern countries, but we are not there in Iran.

Ekta: Can you give us a sense in terms of whether you would be able to repeat this performance at least in Q2? What is your guidance in terms of the foreseeable future or your quarterly run-rate? Can you do revenues of over Rs 800 crore in Q2 with a profit of over Rs 70 crore as well?

A: Definitely for the year, our expected turnover is around Rs 3,500 crore. As far as this quarter is concerned, we wil do around Rs 800-900 crore. The major reason is domestic market is responding very well. Our brand acceptance in the domestic market has gone very high. As per the data today, we have 30 percent market share of India of the branded basmati segment.


 


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