McLeod Russel has announced its first quarter results. The company's Q1 net profit was at Rs 31.2 crore.
Managing Director Aditya Khaitan, in an exclusive interview , said the company’s profit rose to Rs 31 crore from Rs 7 crore year-on-year and that the company was looking at a full-year topline of Rs 1,000 crore. Commenting on tea prices, he said, “We have had a good start at the beginning of the year and the prices went up due to the drought. We believe that these prices are here to stay, during the season the prices will come down depending on the supply of tea, but overall I still feel that if you compare period to period we would still be higher than the previous year.”
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