Greenply Industries' Growth Prospects | NDTV Profit
Transcript
00:00Last three years, as you rightly said, we have seen a growth of more than 20% in the business.
00:06Primarily for two, three reasons. One, you know, plywood business has started showing volume growth.
00:13Second, we ventured into MDF business. We were able to bring the plant in the least possible time,
00:21almost 15 to 18 months. That was itself a very steep target for us.
00:25And then the next target was to ramp up the production.
00:29Fortunately, we have been able to ramp up also well.
00:32And then the next challenge was to build up the operating efficiencies in the MDF business.
00:37So even there, if you see, we have been able to ramp up in terms of, you know,
00:41whatever we have been able to produce, we have been able to sell.
00:45So given all these things, you know, the MDF business has done well for us.
00:51We have been scaling new heights into the same. And as you rightly said, even last year we grew more than 20%.
00:58This year also possibly we are looking at a growth which is more than 20% for the business as a whole.
01:04So on this 2100 odd crore base, you will do another 20 this year.
01:09Yes, for the reason that, you know, one, in plywood business, we are able to grow.
01:14We have given a guidance of 8 to 10% volume growth. First quarter, we were able to hit around 8.6% volume growth.
01:20And we think the trajectory can be maintained. Despite, you know, not so much of tailwind,
01:27if you are able to do this number in quarter one, I believe we will be able to, you know, meet our guidance for this year.
01:33With almost 50% jump in MDF volume for the year. Also because last year, you know, technically we started from quarter two only.
01:42So we get a full quarter one as an add-on and then a growth also on the balance three quarters.
01:48Sure. So that adds up to clearly a 20% growth for this year.
01:52Quarter one went well and we are very hopeful that this trajectory will continue for this.
01:58See, then we have added another line of business, which is Samet Greenply Joint Venture.
02:04Now, this business is also going to kickstart its revenue from this year.
02:09And primarily while we are talking, we have started the sales on a small note.
02:13The plant is yet to get completed.