In an interview with CNBC-TV18, Sanjay Kumar Jain, Joint MD, TT Limited, spoke about the latest happenings in his company and sector.
Below is a verbatim transcript of his interview with CNBC- TV18's Sonia Shenoy and Reema Tendulkar. Also watch the accompanying video. Q: How is the core business looking? A: Businesses, we are very bullish on our prospects. Last year has been very good and we look ahead for another good year. We feel that we will close the year at a top-line of about Rs 550 crore, and a bottom-line of about Rs 20 crore. Specifically two segments of business, which are doing very well, are our domestic knitwear business which we sell under TT brand, and our cotton yarn business which we are exporting into over 35 countries in the world. Q: Cotton prices have been at a record high. What is the kind of impact you see from there? A: Cotton price have been at all time high. However, we have been fortunate that relative to other countries in the world, Indian cotton prices are still at a discount. Due to extra-ordinarily bullish demand, we have been able to pass on the cotton price impact in our yarn and fabric prices. Q: What is the outlook in terms of how much the prices could go higher? A: Prices have already almost doubled in last one year which has never happened in the last 15 years. From here onwards, we donDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
