FY17 topline should grow by 10-15%: Mayur Uniquoters

Mayur Uniquoter’s revenues grew only 0.9 percent. Because of declining footwear demand and raw material costs following crude trend, the company had to pass on price cuts to its customers, Suresh Kumar Poddar, CMD & CEO of the company. However, the company is targeting a topline growth of 10-15 percent in FY17 with technical capabilities and value engineering, he said, adding, Mayur is currently operating at 75 percent capacity utilization, he added.Meanwhile, the company is looking to open a  polyurethane (PU) plant in Gwalior, amidst rising water concerns in its current plant in Rajasthan, he said.Watch video for more..