Kamal Baheti the CFO of McLeod Russel says he is quite keen to make further acquisitions in India and in overseas locations like Africa.
Chief financial officer of McLeod Russel, Kamal Baheti tells CNBC-TV18that they plan to fund the acquisition of two Rwanda tea plantations via internal accruals.
Managing director of McLeod Russel Aditya Khaitan tells CNBC-TV18 that the surge in crop during the early months of the year helped raise their cumulative numbers for the past nine months.
Speaking to CNBC-TV18, chief financial officer of McLeod Russel, Kamal Baheti says that he expects Indian tea production to hit a record high of 990 million kgs this year.
McLeod Russel just completed 60% acquisition of a Rwandan tea company. Aditya Khaitan, managing director of the company spoke to CNBC-TV18 about this and the way forward for the company.
In an interview with CNBC-TV18, Aditya Khaitan, the managing director of McLeod Russel talks about the latest happenings in his company and sector. He also outlines the company’s growth strategy for the rest of the year.
In an interview with CNBC-TV18, Kamal Baheti says prices have come off a little due to a ramp up in production in north India.
Aditya Khaitan, managing director of McLeod Russel joins CNBC-TV18 to give an overview of what is happening in the tea space and specifically, his company.
In an interview with CNBC-TV18, Kamal Baheti, CFO of Mcleod Russel said that trying to sustain last year's 28% margin would be a challenge since tea is a seasonal industry.
Aditya Khaitan, Managing Director, McLeod Russel tells CNBC-TV 18 that he expects the price of quality tea to go up by approximately 10-12%, and other types of tea by 5-7%.
Speaking to CNBC-TV18, Kamal Baheti, CFO of McLeod Russel said," This will add just around USD 7-8 million to the topline, and around USD 3 million to bottom at EBITDA level.
Speaking to CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, Aditya Khaitan, MD of McLeod Russel said he expects tea prices to firm up ahead. "India is running on inventory levels right now," he informs.
In an interview with CNBC-TV18, Kamal Baheti, CFO, McLeod Russel India gave his perspective on realisations from the tea business this season.