Adani Wilmar's Angshu Mallick On Prices Of staples | NDTV Profit - video Dailymotion

Adani Wilmar CEO Angshu Mallick speaks to Tamanna Inamdar about prices of staples and their impact on margins.

Transcript

00:00 Do you also see prices then coming down of staples, which would have a positive impact

00:06 on margins?

00:07 See, one is wheat prices will surely come down because the harvest is there in March,

00:12 April.

00:13 So obviously from there it will come down.

00:15 That is one.

00:16 Two, pulses, chana is coming in the market, so chana will stabilize.

00:20 Oil is already at a very reasonable level.

00:23 One can't say it is high or low, but it is very reasonable and affordable price of less

00:29 than 100 rupees.

00:30 So to take everything together, I think the staples prices are very well positioned as

00:37 of now.

00:39 And going forward also, I don't see any high kid prices and all that.

00:44 Okay.

00:45 Just one last question.

00:46 And I know that nothing much is being said on this publicly right now, Mr. Malik, but

00:50 I can't help it.

00:51 I'm tempted to ask you since I have you here.

00:54 Anything you can share on a timeline for divestment or what the plans are there?

00:59 Any clarity you can give us?

01:01 See, we went public in February 22 and we diluted around 12%.

01:08 As per the norms, we are supposed to dilute up to 25%.

01:12 So another 13% dilution is awaited.

01:15 And we have time till next February 25.

01:19 So obviously we will have to work on it and there will be discussions how to dilute it

01:28 to further 25%.

01:29 That much I can say.

01:32 No plans to exit the business in a large way?

01:38 I am not in a position to comment on it as a CEO of the company, but that is a promoter's

01:44 call and nothing on that I can say.

01:47 All right.

01:48 Thank you so much, Mr. Malik.

01:49 Thank you so much for speaking to us and sharing the plans.

01:52 Thank you.

01:53 Thank you.

01:54 Thank you.

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