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We stay cautious on the pricing factor and the price volatility, which might impact the profitability and stock returns.
The company reported a disappointing Q4 on the back of weak performance of the sugar segment which is expected to remain a drag on the overall profitability in the coming year.
Overall, each business had a better performance in terms of volumes, said Ajay S Shriram, CMD, DCM Shriram.
DCM Shriram has posted a strong set of numbers this quarter. In an interview to CNBC-TV18, JK Jain, CFO and ED, DCM Shriram spoke about the results and his outlook for the company.
In a special 'Earning Pataka' segment, CNBC-TV18's Varinder Bansal gives his rationale behind picking DCM Shriram and Huhtamaki PPL.
The focus was on reducing costs and improving efficiencies in the Chloro vinyl business, said Ajay Shriram, Chariman and Senior MD, DCM Shriram.
DCM Shriram's current debt stands at Rs 496 crore and the company is comfortable with this amount of debt on its books, Ajay S Shriram, chairman and senior managing director said.