In an interview with CNBC-TV18's Latha Venkatesh and Anuj Singhal, Anil Khandelwal, CFO of Cox & Kings spoke about the latest happenings in his company and the road ahead.
Below is a verbatim transcript of the interview. Also watch the accompanying video. Q: The recent news is emerging that you all are looking very strongly and keenly at acquisitions. At what stage is it? At what time can you apprise us of any actual buyout in any of the continents? A: It is no secret that we are looking at acquisitions very seriously and a part of the global depository receipt (GDR) fund raise is also towards the acquisition. We are currently working on acquisitions very closely. Unfortunately, I will not be able to share specific details about the acquisition but we are expecting to close it pretty soon. Q: October to December which usually is a peak period for business. What was the trend this time around compared to 2009? In 2010 compared to previous year, year on year, how much more of business did you see? How much of that would translate into your bottom-line if you look at the Q3 numbers? A: As you have seen from the first half results, we have clocked a growth of around 30% both in top-line as well as profitability. The October to December season is predominantly the inbound season and the industry estimates is that it has grown around 11% for the industry. We have seen increase in the inbound customer traffic to around 11% and the inbound season has been pretty good as compared to the last year. Q: Typically, what is your performance over the industry? A: From the first half results, we have been growing at 30%. We have been growing at around 13% in terms of the leisure segment and we should be able to clock towards that. Q: The Morgan Stanley report says that organized travel revenues in India can grow at compound annual growth rate (CAGR) of 18%. What is your estimate if you have to look at a slightly longer term? Would you agree with 18% or would you go with 20% or 25% given by your companyDiscover 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!
