It has been a landmark year for the Chennai-based Murugappa Group as its turnover crossed the Billion Dollar mark. Estimated around Rs 5200 crore (or US $ 1.17 billion at current exchange rate), the group achieved an impressive year-on-year turnover growth of 25 per cent. Its profit before tax is slated to record a still higher year- on- year growth of 40 per cent.
Most of the group businesses have contributed to this achievement. More importantly, it has come in the face of some stiff challenges like poor monsoons in the South, rising input costs. The Group`s new initiatives, though small today, will have an excellent future.
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