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See topline growth of 25% in FY09: Kiri Dyes
Manisha Kiri of Kiri Dyes and Chemicals expects to close the year with 25% increase in the topline. She said the company has seen a revival in business since January.
Q: How are prospects looking for the business because almost two-third of your business is from export market, have you seen any signs of improvement because we believe the promoters have also been increasing their stake in a small way in the company over last few weeks? A: We have been increasing our stake since January. The business has revived and it has started picking up from January onwards this quarter. We are expecting to close the year with about 25% increase in the topline compared to last year. The significant effect which we got is that we got lot of businesses expecting to get transferred of the manufacturing of dyes from outside India and China to here. Second is when Indian rupee depreciated and Chinese Yuan did not depreciate that much and that created a gap for our exports to China, having a strong partner in China. So from January onwards we also got some Chinese business in terms of flow of finish products from here to China and that helped business to increase this quarter.
