Expect flurry of product launches in second half: SH Kelkar

SH Kelkar and Company reported a subdued set of Q2 numbers. In an interview with CNBC-TV18, Kedar Vaze, CEO of the company discussed the numbers in detail.

Our guidance for H2 of FY18 remains the same, we will continue to grow 12-15 percent year on year in second half, he said.

According to him, sales in domestic market were down during July-August months due to goods and services tax (GST) but the momentum in the business is back to normal and the second half will be in-line with what is expected.

In a few months down the line, the management will be able to analyse whether they will recover the loss of sales in first half.

Good projects are coming in line which were held behind because of the GST and demonetisation. “We would see a flurry of product launches in second half,” he further mentioned.

For full interview, watch accompanying video...