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A good monsoon means better crop recovery and improved tea prices, says Kamal Baheti, CFO at Mcleod Russell. In an interview to CNBC-TV18, Baheti says, on a lower side, company expects tea prices to increase by Rs 10-15 per kilogram this season. “This is a period for quality crop due to seasonal variation. So, prices tend to increase,” he says, adding, last year the average price was Rs 170 a kg and this year it may touch Rs 190. This could translate into additional earnings before interest, tax and depreciation and amortisation (EBITDA) of Rs 100 crore.
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