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In an exclusive interview to CNBC-TV18, Nitin Kasliwal, chairman of S Kumars said that IPO for Reid & Taylor will come out soon.
S Kumars (SKNL) expects a topline of Rs 6,700-7,000 crore in FY12 on easing raw material prices. Speaking about the Reid and Taylor IPO, S Kumars' chairman Nitin Kasliwal said it can hit the market by June 2011.
S Kumars Nationwide has declared its third quarter consolidated results. Its Q3 revenue was up 11.8% at Rs 1342.8 crore versus Rs 1200.9 crore, YoY. The company's PAT was up 18.2 % at Rs 95.5 crore versus Rs. 80.8 crore, YoY.