Moneycontrol
Sep 12, 2017 12:10 PM IST | Source: CNBC-TV18

Retail biz should grow by 30% in FY18, expect strong export growth: KEI Industries

The KEI Industries stock has had a stellar two days with a 20 percent gain. It's also up a whopping 165 percent this year. In an interview to CNBC-TV18, Anil Gupta, CMD of KEI Industries spoke about the latest happenings in the company and his outlook going ahead.

The KEI Industries stock has had a stellar two days with a 20 percent gain. It's also up a whopping 165 percent this year.

In an interview to CNBC-TV18, Anil Gupta, CMD of KEI Industries spoke about the latest happenings in the company and his outlook going ahead.

Gupta said Q1 performance was not due to advancement of sales due to goods and services tax (GST).

Higher order booking and better execution led to robust Q1 performance, he added.

KEI saw 20 percent volume growth in Q1, said Gupta.

He expects retail business to grow by 30 percent in FY18. Therefore, continuing to focus on developing retail business, he added.

He also expects strong export growth going forward.

Watch accompanying video for more details.

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