BCML aims to maintain growth traction
It is also exploring suitable ‘acquisition opportunities’ in the inorganic space, says Avantika Saraogi, Promoter and Business Lead
Kolkata: Balrampur Chini Mills Ltd (BCML) expects its growth momentum to remain robust, fueled by increased crushing and higher yield in the current sugar season October 2023-September 2024, a top company official said.
In addition to the organic growth it is achieving, the company is also exploring suitable ‘acquisition opportunities’ in the inorganic space. “I don’t want to stall our growth trajectory. We need to evaluate various opportunities to ensure sustained healthy growth given the favourable government policies.
We expect our performance is going to be only better in the years to come,” Avantika Saraogi, Promoter and Business Lead (New Initiatives), said, without divulging specific targets. BCML’s 2022-23 topline stood at Rs 4,728 crore. H1FY’24 (April-September 23) revenue jumped 33 per cent YoY to Rs 2,929 crore. Saraogi who played a pivotal role in BCML’s success, expressed confidence in the company’s future performance.