Revenue and profitability may see 20% plus growth in FY22, says Aarti Industries
A McKinsey report on the Indian chemical industry reveals that the space is a consistent value creator with a positive outlook. We spoke to Rajendra V Gogri, Chairman and MD, Aarti Industries to get a sense of the on-ground situation.
A McKinsey report on the Indian chemical industry reveals that the space is a consistent value creator with a positive outlook. We spoke to Rajendra V Gogri, Chairman and MD, Aarti Industries to get a sense of the on-ground situation.
On demand Gogri said, “We see more and more demand coming to India. Overall virtually we are seeing the pre-COVID demand now in Q4 or maybe Q1 of next year. Most of the discretionary sector demand has picked up.”
On capacity utilization, he said, “We are in a capex mode and we see what McKinsey report said. We are seeing lot of opportunities."
He added, “This year we will have some growth in top-line, but bottom-line will be flattish. Next year we can see 20 percent-plus growth in both top-line as well as bottom-line.”
On the PLI scheme, Gogri said, “We are not directly participating in pharma PLI but it is going to benefit the general chemical industry.”
For full management commentary, watch the video
(Edited by : Anshul)
First Published: Mar 15, 2021 10:21 AM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
PM Modi offers prayers at Dashashwamedh Ghat, takes cruise trip to Namo Ghat ahead of filing nomination
May 14, 2024 10:15 AM
Lok Sabha elections: 4th phase sees over 68% voter participation, West Bengal leads with 76% turnout
May 14, 2024 1:47 AM