Friday, May 30, 2014: Leading Indian conglomerate Amara Raja is reportedly looking at a pretty hefty margin in this financial year (FY15). The company’s chief financial officer, S.V. Raghavendra, in a recent interview with Moneycontrol, said that he expects a double digit revenue growth in terms of the topline and the bottomline.
The company, though, witnessed a reduction in its margin performance on a quarter to quarter basis by about 15.5 per cent. Raghavendra said that this could be attributed to the general market condition along with the depreciation in the value of the rupee. Interestingly, the company had last time seen a growth of 17.5 per cent, but had declared that it was not sustainable.
Raghavendra told Moneycontrol that the company’s growth in the OEM market, in terms of volumes, hasn’t been very high. It has been only about 2-3 per cent. The growth has been over 15 per cent in terms of the replacement market. the company though still holds a share of 27-28 per cent of the market share in the car replacement market.
