Highlights of the call

In September 2017 quarter sales fell 2.2% to Rs 197.01 crore. PAT rose 23% to Rs 8.60 crore

On ongoing basis sales growth will rise 150 basis points on like to like basis after GST impact.

Q3 and Q4 will be better as new channel will look to adopt through the system.

The company has 5 plants.

Expectation is that this time next year the expansion plants in TN and Karnataka will go into production.

The management has no plans for giving segment results for now.

Sundrop margin is 29-30%.

Peanut Butter has good margins and is now a significant part of business.

The company hopes to improve its margins.

The crystal business, which accounts for 12% of business is underperformer in the margins. About Rs 20 crore came from Crystal.

Average margins will be around 26% going forward.

Portfolio is now getting more and more robust.

Overall nothing significant to report but all segments have done well.

GST impacts have been passed on to the consumer.

Competitive activity is high.

The company targets 18-20% growth in food business at Rs 250 crore for FY 2018.

The company added 20-30000 stores to its network during the 6 months.

The company expects ready to eat popcorn to get equal to ready to cook popcorn. In some countries ready to eat popcorn has cross ready to cook popcorn.

Business will improve in coming 6 months.

Peanut butter business is in excess of Rs 10 crore for the quarter and Rs 20 crore for the half year.

Consumer business was Rs 70 crore for the half year.

Vending business was Rs 6 crore for the 6 months.

Volume growth was 0% this quarter.

Ready to cook popcorn will grow rapidly in the coming years.

The company wants to reduce its dependence on edible oil as its easy to get entry for competitors and gain market share.