Temptation Foods to see revs of Rs 1400-1500 cr in FY09

Key takeways from Temptation Foodsconcall hosted by Anand Rathi Securities

• 1/3rd of revenues come from Marine foods, Rs 145 crore revenues from privately labels products.
• Company raised Rs 114 crore from qualified institutional placements (QIP) at Rs 150 per share.
• Recently acquired marine business from three private players
• It is planning to raise another USD 200 milion from QIP with five years tenure by mid May or end May.
• Targeting Rs 50-60 crore profits and Rs 600 crore in revenues in FY09 without new intended acquisition
• If acquisition happened as per plans, then company may achieve Rs 1400-1500 crore in revenues and Rs 100 crore in profits in FY09
• Company expects order book of Rs 350-400 crore from Marine business, Rs 100 crore from private labels and another Rs 80-100 crore from new brands.