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Aug 10, 2012, 01.34 PM IST
Anant Gawande, CFO of Talwalkars said the company's performance has been encouraging in the first quarter of FY13. Looking at the good responses to new initiatives, Talwalkars is hoping to maintain 35% sales growth in the current fiscal.
The growing number of members in small towns and cities has given a boost to Talwalkars' business and it is not seeing any slowdown in Tier II and Tier III cities, informed Gawande. Going forward, the fitness chain is planning to open 50 zumba outlets by 2013.
Here is the edited transcript of the interview on CNBC-TV18.
Q: Numbers look good but this is not your biggest quarter. Do you think the kind of trends you are seeing in the market, Q2 which is a much bigger quarter will be okay?
A: Yes numbers have been quite good. 40% bottom-line growth on consolidated basis is in line with what we were expecting, it is slightly ahead of our expectations. We have just opened our August scheme about 8 days back.
Surprisingly, wherever we have innovated, which is across gyms and product packages including gym with aerobics, fitness, diet or weight loss program, we have been receiving far better responses than what we were at the same time last year. We have opened an August scheme which is in the current quarter, ahead of schedule, ahead of our expectations and June quarter has only assisted us in getting a slightly higher number of members in our kitty.
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