Waterbase's majority of the business is to manufacture feed for shrimp farmers. In an interview to CNBC-TV18, from the sidelines of the Kotak Securities Midcap Conference 2017, Ramakant Akula, CEO of Waterbase spoke about the latest happenings in the company.
Raw material were at all-time low in Q1 and Q2 and slow uptick is seen in raw material prices. So margins may drop going ahead. There could be a slight contraction in margins, Ramakanth V Akula, CEO of Waterbase told CNBC-TV18.
Waterbase is up 15 percent since the start of September. In an interview to CNBC-TV18, Ramakanth V Akula, CEO of Waterbase spoke about the latest happenings in the company and what led to this turnaround since the December 2016 lows.
In an interview to CNBC-TV18, Ramakanth Akula, CEO of Waterbase gave an update on the amalgamation with Pinnae Seeds which is a part of their group company. He also shared his outlook for the company going forward.