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Last Updated : Feb 06, 2018 11:31 AM IST | Source: CNBC-TV18

Confectionery business should add Rs 100-150 cr by FY20: Eveready

Eveready Industries India had a mixed set of results in Q3, revenue growth was steady but margins took a hit. In an interview to CNBC-TV18, Amritanshu Khaitan, MD of Eveready discussed the company's Q3 performance.

CNBC TV18

Eveready Industries India had a mixed set of results in Q3, revenue growth was steady but margins took a hit. In an interview to CNBC-TV18, Amritanshu Khaitan, MD of Eveready discussed the company's Q3 performance.

Khaitan said that margin contraction has been due to higher ad spends.

He further said that battery business volumes have been flattish in Q3.

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Light-emitting diode (LED) business grew by 98 percent year-on-year (YoY), he said.

According to him, confectionery business should add Rs 100-150 crore by FY20.

Watch accompanying video for more details…
First Published on Feb 6, 2018 11:18 am
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