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Last Updated : Mar 10, 2011 04:17 PM IST | Source: CNBC-TV18

Expect to end year with Rs 780cr in revenues: TTK Prestige

In an interview with CNBC-TV18, TT Jagannathan, Chairman, TTK Prestige gave his perspective on the road ahead for the company.


TTK Prestige has had a very good day in trade on the back of plant capacity additions. The company's total investment capacity would be in the range of about Rs 250 crore in FY12 with some spillover expected into FY13.


In an interview with CNBC-TV18, TT Jagannathan, Chairman, TTK Prestige gave his perspective on the road ahead for the company.


Below is a verbatim transcript of the interview. Also watch the accompanying video.


Q: You have seen a strong growth in terms of Q3 revenues up around 61% what could you possibly end the year with?


A: We expect to end the year between Rs 770 and Rs 780 crore.


Q: What about the bottom-line then and how could we possibly extrapolate this to FY12?


A: The bottomline should end at about Rs 120 crore, which is the PBT and for next year FY12 we expect a topline growth of about 35% and bottomline growth also at 35%.


Q: Could you tell us what you have lined up next year in terms of capacity expansion plan and how much will you be investing in and where?


A: We will be investing. We will be taking the pressure cooker capacity from 4 million to 10 million, cookware capacity from 4 million to 20 million and we are adding capacity in hard anodizing, we are adding capacity in appliances, in rice cookers, induction cooktops and gas stoves. We will be adding substantial capacity in the coming 12 months.


Q: Where will you be getting this money from?


A: Internally generated. We will be borrowing about Rs 50 crore which we will repay in FY13.


Q: Just coming back to your guidance. You have a strong guidance of around Rs 770 crore. You have a lot of capex which is possibly coming on stream as well. Can you just paint for us where exactly this growth is coming from in terms of the growth rates you are estimating in the domestic markets as well as in the export markets.


A: A bulk of the growth is coming from the domestic market, it is coming from all verticals - appliances, pressure cooker, cookware, all verticals are doing brilliantly. We expect that to go ahead in FY12 also.


Q: What will you end FY11 with in terms of a growth within domestic markets and in terms of exports?


A: In the domestic market we expect a topline of about 51%. In exports, we expect the topline growth to be about 40%.


Q: Any kind of price hikes that you have planned?


A: There will be price hikes. I can

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First Published on Mar 10, 2011 03:27 pm