In an interview to CNBC-TV18, McLeod Russel's CFO Kamal Baheti says, on a lower side, company expects tea prices to increase by Rs 10-15 per kilogram this season.
Kamal Baheti, CFO of McLeod Russel expects margin to expand to 13-15 percent in FY17 from 8.5 percent last year on lower wage hikes and firming up of tea prices.