Pradeep Rathod, CMD and Atul Parolia, CFO, Cello World in conversation with ET Now after listing on the bourses on Monday.
Parolia says: “The main reason for our good ROC is that our bottom line is always very sound and that has given us an advantage in garnering ROCE of around 44%. Even in the future, it will be very good and definitely it will be above the peers.”
Congratulations for listing on the bourses. Pradeep, let me ask you first; the revenue CAGR for FY21-23 is at around 30% or so. Do you expect this sort of a run rate or revenue growth rate to continue going ahead for Cello World?
Pradeep Rathod: We just want to perform the way we have performed in the last three-four years. And going forward, our Glassware unit, which is coming up in Rajasthan, will also give extra revenue to the company. Overall, it looks really good to grow from here. Our product lines are expanding and we will grow at the pace we were growing over the last three-four years.
Atul, coming to you, the houseware and the glassware is a high margin segment and accounts to 65% of your revenue. Will this be the main focus area going forward as well?
Atul Parolia: We have planned to focus on all the three categories. Apart from that, definitely our consumer houseware segment will grow faster; even writing instruments will grow faster. So a little bit, maybe 2-3% here and there will be the change.
Right, let us talk about the wide range of portfolio that you all are present in. You are present