The Hindu Business Line : JK Industries sees 10% growth in turnover

Narain Karthikeyan, Formula One racer, with Mr Raghupati Singhania, Vice-Chairman and Managing Director, JK Industries Ltd, at a press conference in the Capital on Tuesday. — Kamal Narang

New Delhi , March 22

JK Industries on Tuesday said it expects a 10 per cent topline growth during the current fiscal, ending September 30.

"The tyre market in the country is growing while the price of the product has been coming down. Based on this, we expect a 10 per cent growth in revenues during the current financial year," the Vice-Chairman and Managing Director of JK Industries Ltd, Mr Raghupati Singhania, told reporters on the sidelines of a function organised to launch JK Corp.'s `Motor Sports Prodigies.'

During 2003-04, JK Industries had reported a turnover of Rs 2,300 crore, clocking a growth of around 10 per cent over the previous fiscal.

Mr Singhania said that the demand for tyres was expected to grow between 6 and 8 per cent this year resulting in higher sales during the year.

"The outlook this year is good despite pressure on natural rubber prices which is expected to remain firm," he said.

While natural rubber was being exported from the country, the tyre industry was also seeing a flood of cheap finished products dumped by China, he said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Merven Drug shareholders okay pref allotment

Mallya to merge spirits cos, SWC as United Spirits

SWC-Modi issue: High Court stays UB, Jumbo deal

Restructuring to be over in 6 months: Mallya

Ucal Fuel may buy US co

SEBI board meet today to discuss revised corporate governance norms

Eveready to set up battery unit in Uttaranchal

LG's GSM plant begins operations in Pune

Dabur evaluates private label business for toothpastes

JK Industries sees 10% growth in turnover

Bescom hopes to raise revenue by 11 pc

Cash crunch: MFL stops producing complex fertilisers