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Focus on new and value added products in FY16: Kwality

Aim to improve growth margins by 0.5 to 0.6 percent in the current year, Sunit Shangle, CFO, Kwality told CNBC-TV18.

June 01, 2015 / 22:03 IST
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The company will focus on fresh products this year to boost margins, Sunit Shangle, CFO, Kwality, told CNBC-TV18.

The company’s bottomline last year was affected by high taxes and interest charges.Kwality will be launching new products in the next two-three months, Shangle said. The aim is to increase sales of new as well as old value added products, he added.

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Shangle said he expected the company's margins to improve  50-60 basis points this year, while growth in topline was expected to be around the same level last year.

“Depending on the acceptability and the competitor, who have been able to sell these products, we expect the margins should increase by another 0.5 to 0.6 percent next year,” he said.