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business | IST

Navneet Education says increase in paper prices will not impact margin

Mini

Navneet Education on Wednesday said margin will not be impacted due to increase in paper prices, adding that exports contributed 30 percent to total sales.

Navneet Education on Wednesday said margin will not be impacted due to increase in paper prices, adding that exports contributed 30 percent to total sales.
In an interview to CNBC-TV18, Gnanesh Gala, managing director, said that printed work book contributed around 45 percent of total publication revenue and non-stationery business contributed 2-3 percent to our total revenue.
"We are not likely to gain because of rupee appreciation in the current year, because as a policy, we always hedge our currency, as and when we receive the order,” Gala said.
Talking about paper price increase, Gala said, "It does impact us and the impact is passed on to the end consumer. But don't like to increase the price of our product because of input cost."