Nilkamal aims at 15 per cent growth in topline

Nilkamal Ltd, which manufactures moulded plastic products, is aiming at 12 to 15 per cent turnover growth in FY'15 with better margins.
Nilkamal aims at 15 per cent growth in topline

KOLKATA: Nilkamal Ltd, which manufactures moulded plastic products, is aiming at 12 to 15 per cent turnover growth in FY'15 with better margins.

"We are looking at a growth of 12 to 15 per cent this year over last fiscal. But, we are expecting better margins which may lead to a higher growth in bottomline," Nilkamal Executive director Hiten Parekh said here on Friday.

On a consoliated basis, the company posted a turnover of Rs 1,750 crore with a single digit growth.Parekh is also optimistic of improvement in margins.

He said that moulded furniture and material handling businesses were seeing a demand growth.

"All round growth in demand for products through retail and e-commerce were being witnessed this fiscal," he said.

Nilkamal, which entered the spring, coir and foam mattress business about two years ago, planned to expand it through acquisition or setting up of new manufacturing units.

"We will invest in three new mattress manufacturing units at a cost of Rs 100 crore in central, north and western India over the next three years," Parekh said.

Currently, it has two mattress-producing units - one at Hosur, near Bangalore, and another at Dankuni, West Bengal with a capacity of 1.8 lakh units contributing around Rs 40 crore to the turnover.

"Over the next three years we plan to add three more units to take the capacity to 4.5 lakh units a year and turnover to Rs 100 crore," GM sales (mattress division) Manish Malviya said.

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