"The company should close the year, FY17, with a topline of around Rs 2,300 crore, up about 15 percent from last year’s Rs 2,000 crore", ukumar Srinivas, MD of Shankara Buildpro told CNBC-TV18.
Somany Ceramics has requested the government to consider raising the anti-dumping duty on vitrified tiles from USD 1.37 per metre to USD 2, MD Abhishek Somany.
Going forward, out of 20-21 percent growth, about 14-15 percent will come from volume and the balance would come by value, says Somany.
In an interview with CNBC-TV18, Abhishek Somany, Joint MD, Somany Ceramics, talked about growth prospects of the company, a recent round of fund raising that the company did and how he sees earnings panning out in the next few years.
Abhishek Somany, Joint Managing Director, Somany Ceramics Ltd is a third generation entrepreneur and part of a Delhi based business family that has seen the capital’s transformation and changing business climate.
Abhishek Somany, joint managing director speaking to CNBC-TV18 about the deal said, the company has acquired 26% stake in Vintage Tiles at a value of Rs 5.5 crore. "We would start production sometime end of November," he added.