Anil Rai Gupta, joint managing director of Havells India says the company is witnessing increased uptick in all product categories. He is confident of achieving 15-20 percent growth in FY15.
Anil Rai Gupta, joint managing director of Havells India says the company is witnessing increased uptick in all product categories. He is confident of achieving 15-20 percent growth in FY15. The company saw a revenue growth of 20-22 percent in the quarter gone by, he expects it to follow this quarter too.
Over the past one year, Havells India made a lot of investments in brand building. This year too, the company plans to increase ad-spends by 80-100 basis points as a percentage of revenue. Gupta says the company is already seeing some benefits from the cost initiatives taken last year.
Havells India has been buzzing in trade for the past 2 days . In fact, even year-to-date, the stock has seen a 134.83 percent rise. The stock split in Havells India is in the ratio of 5:1, which means every share with face value 5 will be split into 5 shares with face value 1. In a filing to the BSE on August 11, the company had fixed August 27 as the record date for the purpose of sub-division of equity shares.
Below is the verbatim transcript of Anil Rai Gupta's interview with Latha Venkatesh & Sonia Shenoy on CNBC-TV18.
Sonia: The highlight in the quarter gone by was the kind of revenue growth that Havells saw. I think about 20-22 percent which was quite strong. Can you give us a sense of how the cables and the fan segment is doing at this point and do you think this good growth of 20-25 percent is sustainable through the fiscal year?
A: Your first question regarding cables, fans, in fact most of the segments are growing well this year. We see an increased uptake in all the products categories which is a positive sign especially in the first quarter the cables and wires grew very well which is an indication that all the other products will show signs of recovery in next coming quarters. So, it's a good start to the year. We are definitely seeing a similar growth in this running quarter as well and we are quite hopeful that if not 20-22 percent, we are quite hopeful that whatever we have committed – 15-20 percent growth in this fiscal year, we will be able to achieve it.
Stay tuned for more…
Havells India stock price
On August 27, 2014, at 11:12 hrs Havells India was quoting at Rs 287.95, up Rs 15.20, or 5.57 percent. The 52-week high of the share was Rs 1295.00 and the 52-week low was Rs 246.45.
The company's trailing 12-month (TTM) EPS was at Rs 7.87 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 36.59. The latest book value of the company is Rs 34.13 per share. At current value, the price-to-book value of the company is 8.44.
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