"Things have steamlined now (post-demonetisation) and the demands are exceeding and we feel that our branded segment sale will increase by 3 percent from 29 percent to 32 percent in the domestic market", Anil Mittal, CMD of KRBL told CNBC-TV18 in an interview.
Anil Mittal, General Manager of Union Bank of India, told PTI that he has been appointed by the government (Centre) as the CVO of SBM for a period of three years.
Anil Mittal, CMD of KRBL says the company saw pressure in the Middle East markets.
Iran, the biggest destination for the aromatic and long- grained rice from India, has not officially banned rice imports, however, in October 2014, it had suspended fresh orders due to surplus stocks.
The company has done well in comparison to the market which is down by 25-30 percent compared to last year, says Anil Mittal CMD, KRBL.
Iran has barred rice from other countries as its local crop is reported to be good this year
The company‘s consolidated net profit rose to Rs 81 crore in Q2FY15 versus Rs 75 crore on a year-on-year basis.
Anil Mittal, chief managing director, KRBL explains the company is primarily into basmati rice and the rice coming from Vietnam is non-basmati, hence, its international sales will be unaffected.
Parenteral Drugs (India) sold their IV Fluid manufacturing unit at Goa to Fersenius Kabi India (P) Limited for Rs 200 crore.
In an interview to CNBC-TV18, Anil Mittal, chairman and managing director of KRBL says, the company is focusing on Africa, Europe and South America. “We feel all these three markets should give us good potential uplift in our export top-line this year.”
With the paddy crop which started, in terms of sowing on September 15 showing a fall in the realisations by about 35%, Anil Mittal, chairman and managing director of KRBL says 15% of it is contributed by the rupee devaluation.
Rice stocks have been up on the charts due to Thursday’s news of India allowing unrestricted exports of wheat and common or non-basmati rice. With this limitless export benefit, KRBL's chairman and managing director Anil Mittal expects to export about 100,000-150,000 tonne rice.
The rice stocks have been quite active today. They have been doing very well in trade. Anil Mittal, CMD of KRBL and Gurnam Arora, Joint MD of Kohinoor Foods, in an interview with CNBC-TV18's Anuj Singhal and Sonia Shenoy, gave their perspective on the rice stocks and how the are expected to do going forward.
It is learnt that the farm ministry proposes 16% rise in rice buying price. Anil Mittal, CMD, KRBL in an interview with CNBC-TV18, said that the 16% price hike will effect inflation because the rice prices in the inflation factor is already quite high.
In an interview with CNBC-TV18, Anil Mittal, CMD, KRBL gave his perspective on the ban on non-Basmati rice exports.
Anil Mittal the CMD of KRBL, in an interview on CNBC-TV18, spoke about his company’s third quarter results and the road ahead.
The food based stocks have been looking strong over a past few days. In an exclusive interview with CNBC-TV18, Anil Mittal, Chairman and Managing Director of KRBL, says that he expects the Basmati prices to go further high owing to high demand.