Jun 02, 2022 / 03:05AM GMT
Sonia Shenoy -
A company joining us now from the rice space. KRBL is the stock on our radar. It was a muted quarter for them. The margins contracted. The revenue growth was flat. In fact, for the full year as well for FY '22, hardly any revenue growth of around 5-odd percent. Ashish Jain, the CFO at KRBL, joins us now to talk about that.
Questions and Answers:
Sonia Shenoy -Ashish, thanks a lot for joining us. Can you give us some trends? What are the big demand trends that you're looking at in FY '23? Do you think you can get back to double-digit growth on the top line?
Ashish Jain - KRBL Limited - CFO
Sure. Thank you, Sonia. So I think we look forward to a positive FY '23. I think a couple of things are happening. One is that the domestic rice demand continues to be buoyant. FY '22 was a record year for us from a domestic point of view. Both our volume and value sales grew by 32%. The challenge that we faced in exports are now behind us. Our principal market, Saudi Arabia, where we had some distribution challenges, those are