Speaking to CNBC-TV18, Manish Mandhana, Managing Director of the company said sales had dropped in November, but have recovered this month. Second half of the year is expected to be better with festivals and wedding season.
CNBC-TV18'S Farah Bookwala Vohra caught up with Manish Mandhana, MD of Mandhana Industries and began by asking him to detail their demerger plans and what the business will be like going ahead.
In an interview to CNBC-TV18, Manish Mandhana, Managing Director of Mandhana Industries, spoke about the business opportunity and the company‘s future outlook.
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Mandhana Industries expects its net profit to rise around 35% to Rs 90 crore in the current fiscal, aided by its retail foray apart from steady demand for its textiles and garments in international markets.
Manish Mandhana has tied-up with Salman Khan’s ‘Being Human’ to set up eight-ten stores this year. He hopes to launch his Rs 800 crore textile, garment retail empire in the international market and make his presence felt on the web too. Young Turks finds out more about his plans and strategies on the road ahead.
On the show we look at the issue of rupee volatility and its impact on the Indian exporters. Giving us an insight of what is happening on the rupee front is Foreign Exchange Expert, AV Rajwade.
Budget Reactions from Manish Mandhana – Jt. Managing Director, Mandhana Industries Ltd.