The company has a strong order book for FY17 which will propel margin expansion, Satnam Arora, Joint Managing Director of Kohinoor Foods, told CNBC-TV18.
Speaking to CNBC-TV18, Arora says value of the company‘s export revenues declined due to pricing issue.
The short rain prediction by the Indian Meteorological Department (IMD) is not going to affect Kohinoor adversely as farmers in Punjab UP and Haryana were competent enough to face a situation like that of short rains or drought, Satnam Arora, Managing Director, Kohinoor Foods told CNBC-TV18.
Satnam Arora, MD, Kohinoor Foods expects the turnover to be between Rs 1300-1400 crore for the year and so, hope to end FY14 with a profit of Rs 25 crore.
Kohnioor Foods is optimistic of a better exports of Basmati rice going forward. This is on the back of Russia lifting the ban on import of rice from India and export-oriented policies being made.
Exports of Basmati rice will be good this year on the back of good monsoon, says Satnam Arora, joint managing director of Kohinoor Foods.
Satnam Arora, MD, Kohinoor Foods said, "We are hopeful that this year again we will be getting about 25 percent increase in branded sales worldwide."
Satnam Arora, managing director, Kohinoor Foods in an interview to CNBC-TV18 said, its joint venture (JV) with McCormick is a win-win situation for the organisation.
Speaking to CNBC-TV18, Satnam Arora, managing director of Kohinoor Foods, said, "We are going to have 15% stake in the joint venture in the beginning and most of them it will be held by McCormick in the beginning years."
Kohinoor Foods has reported a net loss of Rs 11.9 crore for the quarter ended December 2010 as against a profit of Rs 5.1 crore in the same quarter the previous year. In an interview with CNBC-TV18, Satnam Arora, MD, Kohinoor Foods gave his perspective on the quarter gone by and the road ahead.