The contours of buyback will be announced after the board meet on June 20, said Nawal Sharma, President and Head, Business Transformation, Kwality Ltd.
Speaking to CNBC-TV18, he said the company’s performance is on track with internal estimates and seeing improvement in financial metrics as well.
"If we break the business into two buckets. The topline part, it's growing absolutely in line with the vision that we have, around 10-12% growth and business-to-consumer part of the business is doing pretty well,” Sharma said.
According to him, operating performance of the company has improved.
On stock front, he said, "Certain negative forces are in play. There was a fraud, which happened and the relevant company was also barred by stock exchanges. It’s all in media as well as in print. So this establishes the fact that we suffered because of certain things.”
“If business model is robust and doing good, sooner or later stock market is going to align itself to the business,” he further added.
First Published:Jun 7, 2018 12:11 PM IST