"We are aiming for Rs 2300-2400 crore revenue for the FY 2014," JK Paper VP marketing Santosh Wakhloo said in Kolkata. JK Paper net sales from operations in H1 period (April-September) increased to Rs 889.63 crore as against Rs 831.92 crore in the same period in 2012.

Wakhloo said the benefit of the Rs 1,750 crore expansion at Rayagada, Orissa would be realized from this (December) quarter. The company would also hike paper price by three percent from December one.

The company had two price increases since April, 2013 and with this, total price hike would be in the range of nine percent, Wakhloo said. "We hope for a better Q3 and Q4," he said reacting to losses in the H1 of the year. JK Paper registered a loss of Rs 23.46 crore during the period.

The expansion of JK Paper had helped the company to foray into all segments of office paper which is largest in the company's product portfolio including coated and packaging board.

"We are expecting revenue for the full year of Rs 1,250 crore from close to Rs 1,000 crore now from office paper," Wakhloo said. Speaking about sharp input cost increase, he said "I do not see any major respite in cost in the next two years as there will be major flow of the raw material from social forestry during that period."


Latest News  from Business News Desk