CCL Products India posted strong revenue growth on a low base in Q2 but margins were hit due to higher raw material costs. In an interview to CNBC-TV18, C Srishant, MD of CCL Products discussed the company's Q2 performance.
In an interview to CNBC-TV18, C Rajendra Prasad, CMD of CCL Products spoke about the results and his outlook for the company.
The company procures 40-50 percent of its Green Coffee from India and rest from around the world, said Rajendra Prasad, CMD, CCL Products.
CCL Products India reported weak set of second quarter numbers with a plant shutdown for maintenance work having an impact.
CCL Products earns around Rs 20 to 25 crore in India, of which 50 percent comes from its own brand. But C Rajendra Prasad, Chairman and Managing Director, CCL Products, expects the company will earn around Rs 100 to 150 crore from its own brand in the next three to five years in India.
CCL Products is looking to expand the business, but will take a decision only by the second quarter of FY17, says the company‘s CMD C Rajendra Prasad.
In an interview with CNBC-TV18, C Rajendra Prasad, CMD of CCL Products said the company expects large volume growth in FY17 but refrained from sharing any estimate guidance number for volume and net profit growth.
Improvement in margins takes place with addition of specialty value added products says C Rajendra Prasad, Chairman and Managing Director of CCL Products.
According to C Rajendra Prasad, CMD, CCL Products if 100 percent FDI was allowed it would help coffee growers hike production from 2-3 lakh tonnes to 1 million tonnes.
In an interview with CNBC-TV18, C Rajendra Prasad, Chairman & Managing Director of CCL Products said the company plans to expand production capacity and add new products this year.
In an interview with CNBC-TV18, C Rajendra Prasad, CMD, CCL Products, discussed the company's fourth quarter earnings.
Company CFO KCLN Sarma says its Vietnam facility is functioning at full capacity and the product from the unit is marketed as a premium one. The company is also ramping up production at its Indian facility.
With regards to businesses abroad, C Rajendra Prasad of CCL Products expects Switzerland to do much better in FY15 and Vietnam to see capacity utilisation of around 75 percent in FY16.
Discussing the company‘s prospects and its plans ahead, C Rajendra Prasad, CMD, CCL Products, said this is their second year of operation in Vietnam and they will be crossing 50 percent of the capacity.
The company plans to increase its capacity utilization to 80% in Vietnamese plant next year. It is also eyeing Rs 700-750 crore revenues and close to 10% net margins.
Price of green coffee has been creeping upwards in the international market. However, C Rajendra Prasad, chairman and managing director of CCL Products tells CNBC-TV18 that it is not likely to reflect on margins this quarter.
In an exclusive interview with CNBC-TV18’s Ekta Batra and Reema Tendulkar, C Srishant executive director of CCL Products says that company has seen positive response to the soft lauch of new retail products in Hyderabad. “We have launched three products and all of them have received a good response in the local market,” he says.
In an interview with CNBC-TV18, C Rajendra Prasad, CMD, CCL Products gave his perspective on the geopolitical situation prevailing in Ivory Coast and how it could benefit the company.
In an interview with CNBC-TV18, C Srishant, ED, CCL Products, spoke about the latest happenings in his company and sector.