Shoes to cost more

cheapbag214s · Posted: Thu 15:42, 03 Oct 2013 Post subject: Shoes to cost more

Shoes to cost more
Adesh Gupta, CEO, Liberty Shoes ,[url=http://duveticajacketsonlinejp.halod.com/][b]デュベティカ店舗[/b][/url], spoke to CNBC-TV18 about the earnings of the company this season. He attributed the marginal fall in profitability of the company to abnormal increase in input cost. Rising interest rate is also likely to create an upswing in the interest burden for the company,[url=http://duveticajacketsmenjp.albirank.net/][b]ダウンジャケットレディース[/b][/url], he said. Going forward, he expects to pass on the cost to customers by increasing prices by 5-15%. Gupta believes that his association with Pantaloon Retail is in goodwill of the company and hopes to expand capacity further in the coming quarters.
Below is the verbatim transcript. Also watch the accompanying video,[url=http://duveticajacketsoutletjp.albirank.net/][b]デュベチカ専売店[/b][/url].
Q: If you can first tell us, there has been slight decline in your margins,[url=http://duveticajacketssalejp.halod.com/][b]デュベチカ通販[/b][/url], about 2% points,[url=http://duveticajacketsjp.gengfl.com/][b]デュベチカ通販[/b][/url], why is that been and do you anticipate any further pressure on margins?
A: There are two things, one is, on year-on-year basis, the company has shown better performance in terms of the profitability and it has grown over 15%, but surely in quarter 4, we saw some dip in the profitability,[url=http://duveticajacketsmenjp.albirank.net/][b]デュベティカ激安[/b][/url], it is because of the abnormal increase in the price of raw materials. Globally, we know oil prices have gone up tremendously as well as all the food prices and the inflation. All this combined together is putting pressure on margins of all the companies, not only Liberty per se, and we could see some of the effect of such pressure on prices or pressure on margins.
Also see: Liberty Shoes Mar '11 results
Q2: If the raw materials stay where they are currently, how much lower can your margins go and I believe the other factor, which has hurt your profitability, has been the increase in interest cost, is there a scope for your interest cost to rise further?
A: As I said earlier, the interest cost over the year has come down,[url=http://duveticashop.webmium.com/][b]デュベティカ専売店[/b][/url], but surely in that quarter and that all of us know the bank interest rates have gone up tremendously, up in the last quarter. So naturally,[url=http://duveticaonline.halod.com/][b]デュベティカダウンジャケット[/b][/url], we will see the upswing in the interest burden. But surely, this kind of situation would continue even in future, and to amortize all those costs,[url=http://duveticajacketsshopjp.gengfl.com/][b]デュベティカダウンジャケット[/b][/url], including raw material cost or the interest cost,[url=http://duveticajacketssalejp.albirank.net/][b]デュベティカダウンジャケット[/b][/url], what we are looking at is revision in prices for the consumers or the customers. When all kind of food, inflation and all the commodities are showing an upward trend, why should shoe be left behind? We expect an increase of between 5-15% in the price of the shoes,[url=http://duveticajacketssalejp.albirank.net/][b]デュベティカダウンジャケット[/b][/url], going forward.
Q: So when would this price increase take place in the next month when would that be? And also again what would it do to your margins,[url=http://duveticajacketsonlinejp.halod.com/][b]デュベチカ通販[/b][/url]? Will it be stable at that 6.8% that you did in Q4?
A: See, what we have done is that in certain varieties of shoes,[url=http://duveticajacketssalejp.halod.com/][b]ダウンジャケットduvetica[/b][/url], we have already increased our prices to offset the pressure. But now,[url=http://duveticajacketsjp.gengfl.com/][b]デュベチカ専売店[/b][/url], we have to do that on a global basis or on a pan India basis that we have to increase for all the product ranges because the prices in the raw material actually has grown exponentially. So it is not only for us, it is for the entire sector or the whole industry. We see, of course, some pressure on the margins. That does not mean that we are looking at a performance only for a quarter, we are a long-term player, we are a 60 year old company and naturally, such pressures on prices or of any kind they are always seasonal. I do not see any major issue going forward, but surely we have to address them as they come.
Q: What about your expansion plans, you were expanding in the tier-II cities, was that through the franchise model and since interest cost and all would start hurting, are you putting them on hold? And the other question was that you also have a JV with Pantaloon Retail where you had launched about 25 stores, any update on that JV?
A: There are two part of your questions,[url=http://duveticajacketsjp.albirank.net/][b]デュベチカ通販[/b][/url], one from the retail, we are quite bullish on our retail expansion. The company is having now 100 COCO model stores,[url=http://duveticajacketsjp.albirank.net/][b]ダウンジャケットduvetica[/b][/url], which are company owned,[url=http://duveticaonline.halod.com/][b]デュベティカ店舗[/b][/url], company operated and the experience of those stores is very positive. We see almost about a 50% growth in our sales from these expansions. We have done predominantly well in the south, where we see a better footfall as well as the revenues. We would continue to expansion through franchise model or COCO model and this is not just a one-year exercise. We are on a continuous path of growth,[url=http://duveticaonline.halod.com/][b]デュベティカアウトレット[/b][/url], and but more importantly,[url=http://discount2013duveticajackets.webmium.com/][b]デュベチカ通販[/b][/url], what we see in future is that if we had 50 more stores and whereas if we had 10,[url=http://duveticadownjackets.halod.com/][b]デュベティカダウンジャケット[/b][/url],000 stores or dealers, the number would be much bigger and the presence or the reach will be far bigger and better for the company in the long-term.
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