Kaveri Seed Company is in focus as reports indicate that the government is likely to slash BT cotton prices. Remember, cotton seeds contribute 66 percent to the revenues of the company. In an interview to CNBC-TV18, G Vijay Kumar, CFO of the company discussed the probability of this happening as well as the impact.
CNBC TV18
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Kaveri Seed Company is in focus as reports indicate that the government is likely to slash BT cotton prices. Remember, cotton seeds contribute 66 percent to the revenues of the company. In an interview to CNBC-TV18, G Vijay Kumar, CFO of the company discussed the probability of this happening as well as the impact.
Kumar said that the government has not yet decided on the cut in prices.
He further said that if it happens then the net impact on company will be seen around Rs 9-10 crore.
Talking about business, he said that we are progressing towards increasing share of non-cotton seeds business.
For entire interview, watch accompanying video.
