We have great governance and our profits are growing faster: Mithun Sacheti, Caratlane
«There is a long runway in this. That long runway that we are going to see is what excites everybody who wants to play this category. So we have great governance, we are fast growing, we are profitable and profits are growing faster,» says Mithun Sacheti, MD & CEO, Caratlane.
What are you thoughts on your current performance?
Actually the enterprise value now also will be closer to Rs 18000 cr not Rs 17,000 cr. Most people do not have that figure right as well because that is the equity value of the business. A business which grows at 50% plus for five years in a row and has become as qualitatively profitable as we are right now, where governance standards are that of a listed entity like Titan.
We have caught it by the tail and we are sort of riding that. There is a long runway in this. That long runway that we are going to see is what excites everybody who wants to play this category. So we have great governance, we are fast growing, we are profitable and profits are growing faster.
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What is the number at last for the year?
We did Rs 2200 crores revenue last year and about Rs 150 crores of EBITDA, Rs 160 crores I think we did and that is possibly going to grow north of Rs 3000 crore very easily this year. And we are in a space which is growing very well. When you are on the right ride, then everybody wants a part of it.
But one cannot take away from the fact that yes, the space is growing but there were a lot of players as well. How did you manage to really stand out or beat
