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    • Tea prices to jump in the coming season: Jayshree Tea

      In an interview to CNBC-TV18‘s Manisha Gupta, Kamal Baheti, CFO at McLeod Russel and DP Maheshwari, MD & CEO at Jayshree Tea & Industries spoke about the rise in tea prices and the demand supply mismatch.

    • FY17 tea exports to be lower than last fiscal: Mcleod Russel

      Tea prices are expected to be higher in the new season, said Kamal Baheti, CFO of Mcleod Russel. Increased prices will benefit the overseas operations most.

    • Topline to remain flat in FY17; wages to grow 8%: McLeod Russel

      The margins may continue to suffer due to increasing wage costs. Baheti says employee costs will grow by 8 percent in FY18 due to wage agreements. Margins will take sometime to make a comeback, he adds.

    • Good crop, demand to boost tea prices by 5-10%: McLeod Russel

      Going forward there is an expectation of prices firming up with an increase in demand but as of now, there has been no price increase, said Kamal Baheti, CFO, McLeod Russel.

    • Tea price hike to help margins rise to 13-14% in FY17: McLeod

      The tea companies have seen their costs rise over the last two years. This increase in costs is led by hikes in wages, says Baheti.

    • Expect 15-20% higher tea prices in new season: McLeod Russel

      Considering supply shortages, good demand and firm closing prices during the last season (higher by Rs 20-25 per kg), tea prices are expected to be strong in the upcoming auction, says Kamal Baheti, CFO of McLeod Russel in an interview to CNBC-TV18.

    • Tea prices to rise by Rs 15-20/kg in Mar-Apr: CFO, Mcleod Russel

      Baheti is very optimitic of production in the coming season due to favourable weather conditions. He sees a good recovery in crop production and prices.

    • Aim to increase exports by 60-70% this year: McLeod Russel

      Baheti expects domestic realisations to improve by 5 percent this year and overseas realisations by 15-20 percent

    • Eye 20% topline growth in Q3: Mcleod Russel

      Kamal Baheti says the unfavourable weather conditions in Assam created challenges and made company lose up to 2 m kg crop last quarter.

    • Volume recovery encouraging; see stable tea price: McLeod

      McLeod Russel India 6.5 percent rise in second quarter FY14 profit at Rs 245.5 crore against the year-ago period.

    • Expect profitability to improve in FY14: Mcleod Russel

      Kamal Baheti, CFO, Mcleod Russel expects profitability to be substantially better in FY14 because of recovery in crops compared to last year and also due to stability in costs.

    • See 25-30% EBITDA, profit growth in FY14: McLeod Russel

      Last year consolidated production was 102 million kilograms. However, for this year we would be making 114-115 million kilograms. Prices for Indian market are expected to be around Rs 180.

    • Tea prices may rise further by Rs15-20/kg: Mcleod Russel

      Kamal Baheti, CFO, Mcleod Russel expects tea price to rise by Rs 15-20 per kilogram going forward.

    • See strong tea prices for remaining season: McLeod Russel

      Kamal Baheti, chief financial officer, McLeod Russel says normally, the fourth and third quarter are little overpriced as compared to the first and second quarter because the quality of the tea at the end of the season is a bit lower. "For the rest of the season, we expect strong prices to continue," he adds.

    • Margins should improve next year: McLeod Russel

      The largest bulk tea company in the world, McLeod Russel reported a marginal increase of 3% in its net profit at Rs 230.31 crore for the second-quarter. Kamal Baheti, CFO, McLeod Russel told CNBC TV-18 the reasons for low production in Q2 and why a further wage hike will not hamper the profits of the company.

    • Expect performance to improve in Q2, Q3: Mcleod Russel

      Kamal Baheti, chief financial officer of McLeod Russel says, crop loss in Q1 impacted performance. He expects performance to improve in Q2, Q3.

    • See tea prices rising by 15-20% ahead: McLeod Russel

      Kamal Baheti, CFO of McLeod Russel told CNBC-TV18 that shortfall in tea production for the rest of the year was unlikely to get covered. He expects tea prices increase of Rs 25-30/kg to continue for the rest of the year.

    • McLeod Russel eyes acquisition opportunities in Africa

      In an interview with CNBC-TV18, Kamal Baheti, CFO of McLeod Russel said the company is considering opportunities for acquisition in Africa.

    • To up production from existing plants by 5%: McLeod Russel

      Kamal Baheti the CFO of McLeod Russel says he is quite keen to make further acquisitions in India and in overseas locations like Africa.

    • Profitability in Q3 will mirror in sales: McLeod Russel

      In an interview with CNBC-TV18, Kamal Baheti says prices have come off a little due to a ramp up in production in north India.

    • Positive margins will touch 33-35% this year: Mcleod Russel

      In an interview with CNBC-TV18, Kamal Baheti, CFO of Mcleod Russel said that trying to sustain last year's 28% margin would be a challenge since tea is a seasonal industry.

    • See tea production touching 965m kg this yr: McLeod Russel

      In an interview with CNBC-TV18, Kamal Baheti, CFO, McLeod Russel India gave his perspective on realisations from the tea business this season.

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