Sanjay Lalbhai, CMD, Arvind, says that the retail market has been a difficult but the company has out performed the market. He also says that the company exports around 40 percent of the production and export segment is contributing well to the performance of the company.
Confident Sanjay Lalbhai, chairman and managing director of Arvind told CNBC-TV18 that the company will perform much better in the second half of the year.
Arvind's revenue was up 22.5% at Rs.1255.7 crore versus Rs.1024.9 crore. Chairman and managing director Sanjay Lalbhai expects to improve margins from current levels of 15-16% and maintain a 20% topline growth this year. The company’s revenue target for this year is USD 1 billion and USD 2 billion by FY15.
Sanjay S Lalbhai, CMD, Arvind said that duty drawback seems adequate, but it needs some improvement in order to replace the DEPB scheme. "In businesses like denim, the DEPB rates were better as compared to duty drawback's prices. Following may the latter may lead to revenue losses," he adds.
In an interview with Sanjay Lalbhai, CMD of Arvind speaking about the company's quarterly performance said, "Now the price of cotton is on decline so we are very happy. Going forward we should be able to pass on this benefit to our customers and in return hope for a very strong kind of demand push."
Kamal Singhal, CEO (Real Estate Division) from Arvind, in an interview with CNBC-TV18’s Reema Tendulkar and Gautam Broker, spoke about the JV between the companies and how does the company sees itself progressing going forward.
Sanjay Lalbhai, CMD, Arvind, in an interview with CNBC-TV18, spoke about the turnover target from Megamart operations, their funding plans, guidance, price hike and the road ahead.
In an interview with CNBC-TV18, Sanjay Lalbhai, CMD, Arvind Mills gave his perspective on the quarter gone by and the road ahead.