Emami's Mohan Goenka Talks About Inflation Impact And Rural India Demand | Chartbusters | CNBC-TV18
Mohan Goenka, VC & Whole-time Director, Emami talks about the impact of inflation on the company and its demand in rural IndiaΒ ...
Vice Chairman & Wholetime Director, Emami
Verified interview transcripts, podcast appearances, and direct quotes from Mohan Goenka, Vice Chairman & Wholetime Director at Emami. AI-verified speaker identity with full-text searchable transcripts.
“we haven't seen the kind of recovery we expected in this quarter though the monsoons barring east have been good across india but unfortunately we haven't seen the rural recovery as of now but we are extremely hopeful that maybe h2 should be a better year than what is in quarter two so but still if you ask me right now...”
“so cbr as always i have maintained this that our pledge percentages would come down we are committed to bring it down to significantly low levels from now presently i think it is about 34 35 percent very soon it should come down by about seven eight percent as soon as the armory deals happen we are expecting the deal t...”
“during the quarter consumption trends remained subdued amidst weak sentiments and steep inflation the geopolitical conflicts aggravated the raw material inflation scenario as crude oil prices spiked up and persistent inflation continued to hurt consumer wallets across rural and urban markets leading to a slow down in s...”
“now that the materials we had most of it has been consumed in quarter four so we have to buy that new prices what is prevalent in the markets now what looks like as of now that there should be a pressure of about 200 basis points in quarter one”
“Consumers have upgraded from local brands to branded goods both in urban and rural. Because Emami has a large rural play, we are seeing more traction in rural.”
“We are absolutely committed. You have seen even in the most difficult times we brought down our pledge from 90% to 40%. Now in every analyst call I have, we have committed that promoters will bring down their debt to zero and we have enough assets, we are trying to monetize some of our land banks, some of our other ass...”
“yes we are at uh beyond our pre-o levels so and U also because imami has a large rural base rural is really uh you know uh flourishing I would say rural is growing for us so from all sides uh I'm happy”
“we are absolutely committed uh you have seen even in the most difficult times we brought down our pledge from 90% to 40% now in every analyst call I have we have committed that promoters will bring down their debt to zero and we have enough assets we are trying to monetize some of our land Banks some of our other asset...”
“we have taken a call that we want to reduce our debt to almost zero levels so for that if we need any strategic dilution in some of our other matured assets we would be doing that so imami is a Diversified Group we have a very big land bank we have interest in many other sectors so as in when you know there are opportu...”
“imami has been a mass brand and almost 4 54 55% of our business comes from rural areas so just because one or two quarters of distress in rural we can't change strategies it we would always remain for masses and as I said the month of June has been quite encouraging if the momentum continues then I am hopeful that dema...”
“I am very confident that we should be able to grow at about 14 to 15% going forward.”
“I don't think that we have any threat from the mnc's per se these are Indian Brands deeply rooted in you know every household I would say so we don't really see multinationals as a threat to imami.”
“I think the impact of demonetization has reduced gradually over months but if you ask me that whether it has totally gone I would say no still we see some impact of it particularly in the wholesale trade where there's still some impact.”
“We are very confident I think also this year we are going very aggressive in our total advertising and the mix also so I think 12-15% is a reasonable target that and the new core would be 20% plus 25% at least your new brands as well as the other new brands that you have come out with.”
“This year we have taken a very aggressive target. We were at almost 6 and from 6 to 8 itself is a big task for which we need almost 400 to 500 frontline sales guys. And we would be able to do that by March you know 18 after we consolidate all this then we will take the next step because this as I said 2 million outlet...”
Mohan Goenka, VC & Whole-time Director, Emami talks about the impact of inflation on the company and its demand in rural IndiaΒ ...
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