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Last Updated : May 23, 2017 03:43 PM IST | Source: CNBC-TV18

US foray slightly tricky, need clarity on border tax: CCL Products

In an interview to CNBC-TV18, C Rajendra Prasad, CMD of CCL Products spoke about the results and his outlook for the company.

CCL Products' Q4 was a weak brew as margins and profit after tax disappointed.

In an interview to CNBC-TV18, C Rajendra Prasad, CMD of CCL Products spoke about the results and his outlook for the company.

He said that they are projecting 10-15 percent growth for FY18.

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"The US market is a bit tricky with the current situation there. The government there is trying to introduce for the first time a tax on imports from Mexico especially, the border tax that they are planning of imposing. If this comes into play then there is going to be a substantial burden on imports from Mexico - that will give huge in way for us to start supplying to the US," said Prasad.

However, we do not want to take a chance unless we have clarity on the legal issues in the US, he added.

Watch accompanying video for more details.
First Published on May 23, 2017 03:43 pm
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