Expect traction in profitability of building materials to continue, said Dhirup Roy Choudhary, MD & CEO of Hyderabad Industries Limited (HIL).
“Capacity utilisation for sheeting plant is 70% and building solutions is about 90% currently,” said Roy.
Talking about margins, he said, “We have taken a prudent step this year to go in for solution sale in all our businesses and we are trying to develop the margin part from the solution sales.”
“Capacity can always be revamped. We can easily put forward another land but we are waiting for a bit of a consolidation and the market for building solution before we take next step,” he said.
Roy said the company expanded product lines up in pipe and fitting business and HIL is focusing on developing brand marketing and selling strategies.