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Farmax India expects to scale Rs 120 cr turnover in FY11
Farmax India recently did a round of fundraising and is looking at going overseas because of the huge market potential in the fast moving consumer goods company (FMCG) space. From a Rs 65 crore profit they did in FY10 they are expecting it to almost double to Rs 120 crore says M Malla Reddy, the executive director of the company.
Farmax India recently did a round of fundraising and is looking at going overseas because of the huge market potential in the fast moving consumer goods company (FMCG) space. From a Rs 65 crore profit they did in FY10 they are expecting it to almost double to Rs 120 crore and then top it up to about Rs 250 crore in FY12 says M Malla Reddy, the executive director of the company.
Below is an edited transcript of his interview with CNBC-TV18's Reema Tendulkar and Ekta Batra. For complete details watch the accompanying video.
Q: Can you take us through the three new production plants which are launched and what exactly could this do to your revenues?
A: Recently we have launched three new plants. One is for Atta (flour) and second one is that detergent soap and detergent powder and beauty soaps. The total capacity products we have launched recently are worth Rs 100 crore. At least in this financial year we are planning at least 50% capacity utilization. In this year, expected turnover is almost Rs 120 crore.
