In an interview with CNBC-TV18, Adarsh Jhunjhunwala, Director, JVL Agro Industries says, the company is looking at 30-40% growth in the top-line for the year ending March 31, 2012. He also expects the margins to improve going forward.
Below is a verbatim transcript of his interview with CNBC-TV18's Ekta Batra and Reema Tendulkar. Also watch the accompanying video. Q: Your FY11 targets, the last time we spoke, were around Rs 1,800 crore. There are some reports that you have surpassed the target for FY11 already. Can you give us an update on the demand scenario for the business? What sort of guidance you would be working for in terms of top-line for FY12? A: You rightly said that we have surpassed the target that we had set for the financial year ending 2011. We should be reaching top-line of at least about Rs 2,000 crore. The company has been very aggressive in expanding capacities. Most of our sales are coming in from our brand, which is very positive in the long run for the company. We are internally discussing that we should definitely be looking at 30-40% growth in the top-line for the year ending March 31, 2012. This is given the fact that we have our refinery at Haldia which is going to be commissioned this year. We have expanded capacity or production of refined oil in our existing unit. So, we have strong outlook for the following year. The demand has been robust, our brand has been doing well, itDiscover 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!
