Crompton hopes to end FY17' with double digit growth - small electrical appliances

Major in electrical appliances of Crompton Greaves Consumer Appliances Co. , Ltd (CGCEL)
Today, it said it aims to achieve double-digit growth in the current fiscal year.
Major in electrical appliances of Crompton Greaves Consumer Appliances Co. , Ltd (CGCEL)
Today, it said it aims to achieve double-digit growth in the current fiscal year.
"Due to demonization in the fourth quarter, there will be some impact (March 2017)
Could overflow-
Matthew job, CEO of the company, said: "The same is true for the first quarter of the next fiscal year in fiscal 18 . ".
"The impact the company feels is lagging behind. Till, April-
In December 2017, the growth rate was 12.
However, he said: "Although non-monetization has affected our overall growth this year, it will remain double-digit . "In 2015-
The turnover of the company reached 3588 rupees.
The company of the new management decides to invest 2-
3-% of annual income in the next 3
In order to better contact the younger generation, there are 5 years in brand building.
"Companies have not invested in brands in the past.
"The brand recall rate of the younger generation is very low," Jobs said . ".
Crompton is also preparing a five.
An annual blueprint for its long-term vision.
"We are preparing a five-year plan that was delayed due to the GST.
Now, we are working on it and it will take some time for us to know the capital expenditure roadmap, "Job said.
Crompton has four types of business, leading the way in terms of fans, contributing 40 of the revenue.
Although, the lighting produced 30 per cent, followed by 20-
Accounted for 25 of total sales.
"Small household appliances account for ten percent of our income.
But we are a small role in the industry, but in the next 3-
We want to have a market share of ten percent . "
Asked if the company was looking for an acquisition, Job said we were open to it, but there is no sign at the moment. (
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