In an interview to CNBC-TV18, Arup Thakur, CFO of Pincon Spirit discussed more on the company’s Q2 performance.
Pincon Spirit is buzzing in trade as the company has tied-up with Metro Cash and Carry to sell and distribute edible oil. In an interview to CNBC-TV18, Arup Thakur, CFO of Pincon Spirit spoke about the latest happenings in his company and sector.
Securities and Exchange Board of India (Sebi) has directed the exchanges to stop trading in 331 entities suspected to be shell companies. In an interview to CNBC-TV18, Arup Thakur, CFO of Pincon Spirit spoke at length about this order.
Pincon Spirit increases prices on country liquor by Rs 10 per unit in West Bengal. In an interview to CNBC-TV18, Arup Thakur, CFO of the company spoke about the price hike and latest happenings in the company.
In an interview to CNBC-TV18, Arup Thakur, CFO of Pincon Spirit spoke about the results and his outlook for the company.
Pincon Spirit is in expansion mode as the company will set up two new plant in West Bengal at a total cost of about Rs 50 crore. In an interview to CNBC-TV18, Arup Thakur, CFO of the company spoke about the same.
“It is a wait and watch situation what is happening. If you look at it in a broader perspective, it is a blow for the entire Indian GDP”, Arup Thakur, CFO of Pincon Spirit told CNBC-TV18.
"We are the only company having a presence from manufacturing to retail outlet. So that makes our presence unique in the entire marketing chain. That is the logic behind this acquisition of liquor shops", Arup Thakur, CFO of Pincon Spirit told CNBC-TV18.
"Majority of our products are within Rs 100 pack size. So we have been successful in presenting our product because we are having majority of our products in the entry level and mid-level segment. So demonetisation did not have much of an effect", Arup Thakur, CFO of Pincon Spirit told CNBC-TV18.
In an interview with CNBC-TV18, Subrata Basu, Director Operations of the company, said the company has synchronised its manufacturing activities in line with its competitors.
Speaking to Arup Thakur, CFO of Pincon Spirit, said the efforts undertaken by the company in the last quarter have paid off in this current quarter. New products and geographical spreads have helped the company, he said.
Arup Thakur, Chief Financial Officer, Pincon Spirits, told CNBC-TV18 that expects the company's margins to pick up once the brand becomes a household name, which gives the company pricing power.
To increase the EBITDA margins for the company from 6 percent in FY16, Thakur said that expanding into new geographies and product launches are on the cards.
A management rejig in the company led to a delay in processing open offer, however, the SEBI has now cleared process and very soon shareholders can avail the offer, says Arup Thakur, CFO of Pincon Spirit.