I was holding shares on behalf of Borelli Tea Holdings which is 100 percent subsidiary of McLeod under Trust, so have sold those shares in open market, said Kamal Baheti in an interview to CNBC-TV18.

Looking to export 20 million kg of tea in FY18: Mcleod Russel

In an interview to CNBC-TV18, Kamal Baheti, CFO of Mcleod Russel (India) spoke about the results and his outlook for the company.

Will take price hikes in AA & AAA batteries: Eveready

In an interview to CNBC-TV18, Amritanshu Khaitan, MD of Eveready India spoke about the results and his outlook for the company. The company is in the process of implementing certain price hikes in AA and AAA categories to mitigate the cost pressure which has impacted margins in Q4, he said.

FY17 tea exports to be lower than last fiscal: Mcleod Russel

Tea prices are expected to be higher in the new season, said Kamal Baheti, CFO of Mcleod Russel. Increased prices will benefit the overseas operations most.

Topline to remain flat in FY17; wages to grow 8%: McLeod Russel

The margins may continue to suffer due to increasing wage costs. Baheti says employee costs will grow by 8 percent in FY18 due to wage agreements. Margins will take sometime to make a comeback, he adds.

Good crop, demand to boost tea prices by 5-10%: McLeod Russel

Going forward there is an expectation of prices firming up with an increase in demand but as of now, there has been no price increase, said Kamal Baheti, CFO, McLeod Russel.

Tea price hike to help margins rise to 13-14% in FY17: McLeod

The tea companies have seen their costs rise over the last two years. This increase in costs is led by hikes in wages, says Baheti.

Good crop recovery, firm tea prices to lift FY17 earnings:Mcleod

Kamal Baheti, CFO of McLeod Russel expects margin to expand to 13-15 percent in FY17 from 8.5 percent last year on lower wage hikes and firming up of tea prices.

Expect 15-20% higher tea prices in new season: McLeod Russel

Considering supply shortages, good demand and firm closing prices during the last season (higher by Rs 20-25 per kg), tea prices are expected to be strong in the upcoming auction, says Kamal Baheti, CFO of McLeod Russel in an interview to CNBC-TV18.

See 15% plus rise in tea prices in 2016: McLeod Russel

Kamal Baheti, CFO of McLeod Russel says increase in prices will not boost profitability in the current fiscal.

Aim to increase exports by 60-70% this year: McLeod Russel

Baheti expects domestic realisations to improve by 5 percent this year and overseas realisations by 15-20 percent

Kenyan drought to help boost tea exports: McLeod Russel

The drought situation in Kenya would help boost McLeod‘s exports back to 20-22 million kilograms compared to last year‘s13-14 million kilograms, says CFO Kamal Baheti.

See better FY16 on improved monsoon: McLeod Russel

Kamal Baheti, chief financial officer, McLeod Russel says FY15 results should be treated as an aberration due to poor weather.

Eye 20% topline growth in Q3: Mcleod Russel

Kamal Baheti says the unfavourable weather conditions in Assam created challenges and made company lose up to 2 m kg crop last quarter.

Green tea biz poised for strong growth: McLeod Russel

On expectations from the black tea segment, Kamal Baheti, chief financial officer, McLeod Russel says a 5-10 percent price hike is likely as the tea season begins soon.

Volume recovery encouraging; see stable tea price: McLeod

McLeod Russel India 6.5 percent rise in second quarter FY14 profit at Rs 245.5 crore against the year-ago period.

Target over 20% topline growth in FY14: McLeod Russel

Kamal Baheti, chief financial officer, McLeod Russel hopes to achieve over 20 percent topline growth in FY14.

Tea prices may rise further by Rs15-20/kg: Mcleod Russel

Kamal Baheti, CFO, Mcleod Russel expects tea price to rise by Rs 15-20 per kilogram going forward.

Tea prices will continue to remain high next year: McLeod

Kamal Baheti, CFO, McLeod Russel, says that he expect prices will continue to high next year. He expect both the top-line and bottom-line to increase going forward.

See strong tea prices for remaining season: McLeod Russel

Kamal Baheti, chief financial officer, McLeod Russel says normally, the fourth and third quarter are little overpriced as compared to the first and second quarter because the quality of the tea at the end of the season is a bit lower. "For the rest of the season, we expect strong prices to continue," he adds.

Margins should improve next year: McLeod Russel

The largest bulk tea company in the world, McLeod Russel reported a marginal increase of 3% in its net profit at Rs 230.31 crore for the second-quarter. Kamal Baheti, CFO, McLeod Russel told CNBC TV-18 the reasons for low production in Q2 and why a further wage hike will not hamper the profits of the company.

Expect performance to improve in Q2, Q3: Mcleod Russel

Kamal Baheti, chief financial officer of McLeod Russel says, crop loss in Q1 impacted performance. He expects performance to improve in Q2, Q3.

See tea prices rising by 15-20% ahead: McLeod Russel

Kamal Baheti, CFO of McLeod Russel told CNBC-TV18 that shortfall in tea production for the rest of the year was unlikely to get covered. He expects tea prices increase of Rs 25-30/kg to continue for the rest of the year.

Expect stronger sales figures in FY13, says Mcleod Russel

In an interview with CNBC-TV18, Aditya Khaitan, MD, Mcleod Russel said that the crop loss has resulted in an increased price of tea. However, going into FY13, the company has a positive outlook and expects to increase sales on the back of rising demand.

McLeod Russel eyes acquisition opportunities in Africa

In an interview with CNBC-TV18, Kamal Baheti, CFO of McLeod Russel said the company is considering opportunities for acquisition in Africa.