Below is the verbatim transcript of his interview on CNBC-TV18
Q: Is Q3 seasonally a stronger quarter for you given that we do see higher demand for spirits?
A: Q3, the second half of the year is always better than the first half. That is a bit natural because of the New Year, festival and a colder season and particularly for Tilaknagar Industries because we are rooted in brandy and rum which has a greater traction in colder climates.
Also, for other spirits beer consumption goes down in winter and the spirits consumption goes up in winter. So, if the same traction continues, if the seasonality continues, it will be good demand in the third and the fourth quarter.
Q: If you could quantify some numbers for us, what kind of second half will your company have?
A: I would not want to hazard a guess at this point in time because we have closed our Q3. However, I will suffice to say as we cannot read too much into the Q3 and Q4 for our company or others because volume is one part of the story. The second part of the story is the price decontrol.
Unlike last year, this year had more than fresh air of negative surprises for the industry. Possibly not surprisingly because elections are around the corner and there has been a complete stop in any decision making in terms of decontrols and very critically needed price increases have not come through. However, this just puts off by another 6-8 months, then the industry will see few more decontrols coming in the industry to take care of the inflation and the cost.
Tilaknagar Ind stock price
On December 31, 2013, Tilaknagar Industries closed at Rs 57.75, down Rs 0.1, or 0.17 percent. The 52-week high of the share was Rs 86.95 and the 52-week low was Rs 44.85.
The company's trailing 12-month (TTM) EPS was at Rs 4.68 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 12.34. The latest book value of the company is Rs 40.67 per share. At current value, the price-to-book value of the company is 1.42.
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