Taj GVK Hotels eyes 40% margins in FY12

In an interview with CNBC-TV18, Indira Krishna Reddy, MD, Taj GVK Hotels says, the company expects around 15-20% revenue growth in FY12.

The company is confident of achieving 40% margins in FY12, she adds. Below is a verbatim transcript of her interview with CNBC-TV18's Anuj Singhal and Latha Venkatesh. Also watch the accompanying video. Q: How has the season been in the last quarter of FY11? Has it been a better year than a year ago and quarter ago? A: Yes, definitely it is better than the previous year. If you take all India into account, barring few areas like Hyderabad, still we have done the same as last year, little bit higher, about 4-5% because of the Telangana issue. Otherwise, other hotels like Chandigarh have done extremely well because of this match. Chennai also has started doing extremely well. Chennai as a city also has picked up. Q: When you are saying done extremely well, for the company as a whole, what kind of revenue growth did you see in Q4? More importantly, how are you looking at FY12 now? A: FY12, we are at least looking for 15-20% growth. Q: What about occupancies and room rates? If we leave the World Cup out of the picture, because that was one off event, going forward, what is the likely trend as you see in next two quarters? A: As far as our company is concerned, World Cup has got a boom only for Chandigarh. But as far as Hyderabad and Chennai are concerned, I don