The new brand strategy of the company includes new logo, sonic identity and television campaign.
Demonetisation had small impact on footfalls for two weeks, says Arun K Chittilappilly, MD of Wonderla Holidays.
In an interview to CNBC-TV18, Arun K Chittilappilly, MD of Wonderla Holidays spoke about the results and his outlook for the company.
Normally, the arrival of most kharif (summer) crops begins from October. But the new moong crop has started hitting the market early and mandi prices are ruling below the minimum support price (MSP) level.
Wonderla also plans to open a fourth park in Chennai by 2018. It plans to increase ticket prices in its Bangalore park, says Arun K Chittilappilly, Managing Director, Wonderla Holidays.
Arun K Chittilappilly, MD, Wonderla Holiday says rains in south India have affected footfalls in the first half of Q3.
Arun K Chittilappilly, MD, Wonderla Holidays says he expects Wonderla to grow 15-20 percent this year with a 22-25 percent raise in ticket prices.
Accordingly, net profit for the quarter slipped to Rs 6.58 crore from Rs 7.15 crore, showing a decline of 7.89 percent , he said, adding that gross revenue rose over 14 percent to Rs 39.35 crore. The company pays 2 percent entertainment tax in Kochi and 5 percent in Bangalore.
Arun K Chittilappilly, managing director, Wonderla Holiday, spoke about his company's performance in the third quarter.
Wonderla Holidays will hike ticket prices by 10-12 percent every year, says company MD Arun K Chittilappilly.
The company is generating healthy revenues this holiday season, company MD Arun K Chittilappilly says adding that demand for New Year this year is higher than it was going into 2014.
The amusement park operator garnered around Rs 180 crore through initial public offering in May 2014 and has so far deployed only Rs 7 crore towards getting approvals. The company now has all its approvals in place for FY15 capex plans.