CCL Products India reported weak set of second quarter numbers with a plant shutdown for maintenance work having an impact.
CCL Products earns around Rs 20 to 25 crore in India, of which 50 percent comes from its own brand. But C Rajendra Prasad, Chairman and Managing Director, CCL Products, expects the company will earn around Rs 100 to 150 crore from its own brand in the next three to five years in India.
In an interview with CNBC-TV18, C Rajendra Prasad, CMD of CCL Products said the company expects large volume growth in FY17 but refrained from sharing any estimate guidance number for volume and net profit growth.
Improvement in margins takes place with addition of specialty value added products says C Rajendra Prasad, Chairman and Managing Director of CCL Products.
In an interview with CNBC-TV18, C Rajendra Prasad, CMD, CCL Products, discussed the company's fourth quarter earnings.
Discussing the company‘s prospects and its plans ahead, C Rajendra Prasad, CMD, CCL Products, said this is their second year of operation in Vietnam and they will be crossing 50 percent of the capacity.
The company plans to increase its capacity utilization to 80% in Vietnamese plant next year. It is also eyeing Rs 700-750 crore revenues and close to 10% net margins.
In an interview with CNBC-TV18, C Rajendra Prasad, CMD, CCL Products gave his perspective on the geopolitical situation prevailing in Ivory Coast and how it could benefit the company.