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In an interview to CNBC-TV18, Arup Thakur, CFO of Pincon Spirit discussed more on the company’s Q2 performance.
In an interview to CNBC-TV18, Arup Thakur, CFO of Pincon Spirit spoke about the results and his outlook for the company.
"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.
CNBC-TV18' Varinder Bansal has a list of companies that posted good earning in the second quarter of FY16.