Rolex Rings on CNBC
• +ve outlook for next 2-3 years
• Expect FY23 revenue ugrowth 17-20%Q over FY22
• March 2022 capacity utilization at 62%; plan to execute entire capacity in next 2-3 years
• At 100% capacity utilization – sales expected from 1600-1650 cr from current 1020 cr
• Expect margins to improve going ahead; don’t see any pressure on margins
• 30% power reduction cost going ahead (due to commissioning of inhouse solar plant) will help margins improvement