Crompton Greaves Consumer Electrical reported a mixed performance in Q1. In an interview to CNBC-TV18, Shantanu Khosla, MD of the company spoke about the results and his outlook for the company.
"The impact and reason for decline in last quarter was destocking due to goods and services (GST) transition," said Khosla.
According to him, GST is good and will help improve the supply chain, cut cost and improve service.
On lighting business front, he said the light-emitting diode (LED) business grew 42 percent.
If there is an increase in electrification, in urbanisation and in housing, it will be a huge opportunity for us, added Khosla.
Watch accompanying video for more details.
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