Ashok Kumar Bansal, chairman and managing director of Hanung Toys says the acquisition of Cody Direct Corp will help in dealing with US customers directly, thus, boosting EBITDA margins going forward. For FY2012, he sees minimum 20% revenue growth.
The soft toy maker and exporter reported sales turnover of Rs 318.09 crore for the quarter ended March 31, 2011 as against Rs 271.52 crore in the previous year. During the same period, the company posted net profit of Rs 32.32 crore versus Rs 33.28 crore, on a year-on-year basis. Below is the verbatim transcript of his exclusive interview with CNBC TV-18's Reema Tendulkar. Also watch the accompanying video. Q: During March, your company made an acquisition of Cody Direct Corporation-what will be the financial impact on the revenues for FY-2012?
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