The company has not deliberately increased the number of clinics in the last 2-3 years, says Harsh Mariwala of Marico Kaya Enterprises. He believes there is a need to go in for higher capacity utilisation in existing Kaya clinics.
There is a need to go in for higher capacity utilisation in existing Kaya clinics
Harsh Mariwala
CMD
Marico
Harsh Mariwala, chairman and whole-time director at Marico Kaya Enterprises believes he underestimated the learning curve for Kaya. He sees a viable business model in Kaya ahead.
According to him, he shouldn't have shifted focus to the beauty side, instead continued with the cure side, which is what he plans to focus on now. He adds that Marico Kaya's business fundamentals are on a sound footing for now.
The company has not deliberately increased the number of clinics in the last 2-3 years, he says. Mariwala believes there is a need to go in for higher capacity utilisation in existing Kaya clinics.
He is experimenting with smaller retail formats such as Kaya Skin Bars – that offer Kaya products at malls.
Before expanding to Tier-II and Tier-III cities, Mariwala plans to saturate Tier-I cities first.
Transcript to follow..
Marico Kaya Ent stock price
On August 20, 2014, at 11:14 hrs Marico Kaya Enterprises was quoting at Rs 414.00, up Rs 6.35, or 1.56 percent. The 52-week high of the share was Rs 438.00 and the 52-week low was Rs 10.00.
The company's trailing 12-month (TTM) EPS was at Rs per share as per the quarter ended August 2014. The stock's price-to-earnings (P/E) ratio was 0. The latest book value of the company is Rs per share. At current value, the price-to-book value of the company is 0.00.
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