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Carborundum Universal expects over 15% growth for all segments

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We expect over 15 percent growth for all the segments during this year and expect that to continue for the next six quarters, said K Srinivasan, Managing Director, Carborundum Universal Limited.

We expect over 15 percent growth for all the segments during this year and expect that to continue for the next six quarters, said K Srinivasan, Managing Director, Carborundum Universal Limited.
With regards to EBITDA margins, he said they would be around 16 percent but would keep increasing as capacity utilisation goes up.
He said the abrasive segment is 70 percent India specific, and the growth would be driven by consumption. While the electro-mineral segment is entirely the opposite where 75 percent is outside of India, and part of this is commoditised.
“Since we are going through a big cycle of commodity prices going up and there is shortage of material that is driving prices up across this segment and so, see a good growth for this segment,” said Srinivasan.
The ceramics space is about creating products for customers and the company works with customers who are under cutting edge technology. The growth in that segment has been steady, he said.
Capacity expansions for the company are underway, said Srinivasan.
He said although all the input prices of all commodities have gone up, their selling prices also have gone up and expect this trend to continue for the next six quarters in the least.