India Glycol bottom-line which in the second half last year saw phenomenal expansion and already this year have surpassed the figure for last year.
Speaking to CNBC-TV18, Rakesh Bhartia , chief executive officer India Glycols says that he is not sure about EBITD margins rise but hope to hold on to them since there is a possibility of increase in raw material cost. Below is the edited transcript of the interview. Also watch the accompanying video. Q: The bottom-line which in the second half last year saw phenomenal expansion and now you have surpassed the figure for last year. Is the second half seasonally stronger for you. What kind of guidance would you be giving for the second half going forward?
A: I do not see seasonality in our business; it is more of a function of the consistent improvement that is taking place because of change in our business strategy.
Our principal focus is more on supplying to large brand like Coca Cola etc on our business. These companies have launched bio-friendly packaging, we see secular volumes originating from these companies.
In that business we see significant growth in our natural plant product division. This is a steady improvement in our business and not seasonal. Q: There has been a substantial increase in the EBITD margins of your chemicals business
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