Unorganised players facing hit due to GST, demand shifting to organised: Shankara

The Shankara Building Products stock has been on a tear since listing and up 25 percent so far this month. In an interview to CNBC-TV18, Sukumar Srinivas, MD of the company gave an overview of the business and how things are shaping up post goods and services tax (GST).

Have enough other disruptors in the market other than GST, said Srinivas.

However, GST is going to be positive for an industry like us where the unorganised players are facing the hit and demand is shifting to organised ones, Srinivas added.

Talking about retail business, he said Shankara Building added ten stores in the first half of FY18. The total number of stores stands at 116, he added.

He also mentioned that retail business grew 20 percent in Q1.

He further said that the company is on track to meet the volume growth target.

Enterprise business getting impacted due to weaker macro cues, he said.

Watch accompanying video for more details.