Shandong Luba Chemical Co.,Ltd
Beijing Multigrass Formulation Co., Ltd.

Dhanuka Agritech: see topline growth of 15%, margins maintained at 20% in FY18qrcode

Favorites Print Apr. 21, 2017
The India Meteorological Department forecast of a normal monsoon of 96 percent of long-period average has bought smile to the faces of farmers, said MK Dhanuka, MD, Dhanuka Agritech, in a recent interview, adding that it could be second consecutive year of good rainfall.

Therefore production of food grains is expected to be high in 2018.

For the company, in particular, the topline growth in FY18 would be around 15 percent and the margins would be maintained at current levels of 20 percent, said Dhanuka.

To maintain the margins, the company would also pass on the price increases of raw materials on to the customers. Generic molecule prices were up by 10-15 percent, he said.

Two-third of their raw materials are speciality molecules where prices have been stable and generic molecule is one-third of the component, which saw price increases, he said.

With regards to sales, he said west zone clocks the highest to the tune of 30 percent, while sales from Andhra Pradesh and Telangan came in at 20 percent.
Favorites Print

0/1200

More from AgroNews

Magazine

  • 2017 Chinese issue of Biologicals Special Chinese issue of Annual Review 2017
  • 2018 Formulation & Adjuvant Technology 2017 Chinese Issue of CRO Manual<br>2017实验室手册
  • 2017 CRO Manual 2017 Chinese issue of Market Insight<br>2017市场纵览

Subscribe to daily email alerts of AgroNews.