Expect AC industry to grow by 12-13%; expect to outpace industry growth: Amber Ent

Amber Enterprises has declared their Q3 earnings with weak bottomline growth. In an interview with CNBC-TV18, Jasbir Singh, Chairman and CEO of Amber Enterprises spoke about the results and his outlook for the company.

We have grown substantially. In air-conditioner business, normally Q3 is the leanest quarter, so we are moving in tandem with the industry, he said.

Industry has grown by 9.7 percent in the first nine months of FY18 whereas Amber has delivered 28 percent in the same period. We are looking forward for an industrial growth of 12-13 percent in 2018, he added.

We have always outnumbered the industry and if it continues to grow at 12-13 percent, we will definitely deliver 20-22 percent jump, said Singh.

Company’s recent acquisition is to improve customer and product profile. It will add Rs 500-550 crore to the topline, he further mentioned.

For full interview, watch accompanying video…