The Prataap Snacks initial public offering (IPO) opens for subscription today. In an interview to CNBC-TV18, Amit Kumat, MD & CEO of Prataap Snacks spoke about the latest happenings in his company and sector.
Yellow Diamond is our bigger brand, he said.
The company is getting into sweet snacks and into some healthy snacks category, he added.
On inconsistency in the margins, he said, we have seen a lot of volatility in the raw material pricing which has resulted in ups and downs of profits. However, we have taken some major changes in the last quarter of last year, which is giving good results currently, said Kumat.
The company has strong presence in the markets of Mumbai, Maharashtra, Delhi, Haryana and eastern part of the country and currently plans to concentrate on Uttar Pradesh (UP), Punjab, Rajasthan and southern part of the country.
Current capacity of the company is 80 percent, he said.
There is a lot of scope for margin improvement, we should be able to grow more than the market, he further mentioned.For full interview, watch accompanying video...