In an interview to CNBC-TV18, Ashok Kumar Bansal, chairman and managing director of Hanung Toys and Textiles spoke about the latest happenings in the company and the road ahead.
Here is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying video. Q: How have the exports been? The rupee might have helped you, but what's your sense on the demand itself? Has there been some contraction or has it largely been stable around the levels we ended Q2?A: We have not been seeing any major shrinkage in the exports. We are running through our full capacities. We expect to grow at a pace of 15-20%. Q: How much of your revenues come from export?
A: Around 70-75% of the revenue comes from exports. Q: In the September as well as December quarter, will your earnings be up by about 10-15% because of the higher earning of the dollar revenues?
A: The dollar earnings is not impacting us majorly. Our 25-30% comes in Indian rupee as the domestic sales and around 25-30% is our import content. Q: Is there no benefit at all from rupee depreciating?
A: We do get some benefit, but it's not over a 100% export to Indian company where the benefit should have been much higher. Around 60-65% is naturally hedged. Only 30% will be open to the market, where we will get some benefit. Q: What about fund raising? There was an issue planned earlier, but it was cancelled due to market volatility and the market conditions haven
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