President Finance Sunil Gala told CNBC-TV18 attributed no specific reason to the rise seen in stock price, however he said that company's core business- publications is performing well and digital learning is also finding good traction.
Publication contributes 60 percent and stationary contributes 40 percent to revenues of the company. Gala is hopeful that publication segment will grow beyond 20 percent and the stationary business wiill see 10-15 percent rise ahead.
Below is an edited transcript of Sunil Gala's interview on CNBC-TV18.
Q: Anything that investors need to know from Navneet since the stock has been up? Are you planning any expansions, tie-ups?
A: The stock has been performing at the same level since the last one year. Therefore, I would not say that it has risen for some specific reason. Overall, the company is doing quite well and is likely to do better for the next couple of years. Adding to that, our core business - publications is doing well, our digital learning is also finding good traction because market is expecting good numbers from us and we are very hopeful on that.
Q: What are those good numbers? You have guided for about 20 percent, are you likely to do better?
A: Our publications business may grow beyond 20 percent. Stationary business would grow at around 10-15 percent, but in digital, we are likely to have good traction this year and subsequent years as well.
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