Expect 10-15% income growth in FY16: Dhunseri Tea

Dhunseri Tea reported stellar third quarter earnings with a 13 percent growth in net profit growing to Rs 13.5 crore and total income rising 12 percent to Rs 59.6 crore as against Rs 53.4 crore year-on-year. The company’s operational efficiency (EBITDA) improved 21 percent in the quarter gone-by. Speaking to CNBC-TV18, Chandra Kumar Dhanuka, MD of the company says that margins will remain at current level in coming quarters. He expects total income to grow 10-15 percent in FY16, but is unsure of maintaining the 10-12 percent revenue rate on FY17. Watch video for more.