During an interview with CNBC-TV18, Chairman and Managing Executive of Arvind Mills, Sanjay Lalbhai said the business is expecting a larger earnings coming in from real estate commerce for financial year 2011, which would supersede the debt incurred. "We would be gaining traction in the real estate sector in FY11 and FY12," he additional.The company is predictable to monetise Rs 100 crore from the real estate expansion in FY11. "Next year we are planning Rs 250 crore. A year after that we are development around Rs 500 crore. This is our ramp up in our real estate numbers for the next three years," Lalbhai said.
Q: during your first quarter numbers, the sales were level and yet the anticipation was that for the full year you will be able to make a 25% growth in sales to about Rs 4,000 core. From where does this self-assurance stem?
Q: during your first quarter numbers, the sales were level and yet the anticipation was that for the full year you will be able to make a 25% growth in sales to about Rs 4,000 core. From where does this self-assurance stem?
A: Textiles, clothing and apparels are recurring businesses. You will see dramatic changes quarter in quarter out on our sales numbers. Immediately now the demand is pretty burly for fabrics and even brands. Retail in India is doing very well. We are clear that we will have this kind of growth coming in this year.
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