Will open 20-30 gyms in Q4FY18: Talwalkars

Talwalkars Better Value Fitness posted a strong set of earnings in Q2, the management says they saw significant momentum in Q2 due to the annual August scheme. In an interview with CNBC-TV18, Anant Gawande, CFO & Wholetime Director of the company spoke about the results and his outlook for the company.

Year-to-year growth in June is not up to our mark so there is a lot of pent up demand post July 31 because we got clarity on where we stand on goods and services tax (GST) and we have been one of the net beneficiaries of the GST scheme, he said.

Going ahead if things improve, I am sure we will do better, he added.

We will see a lot of value added services (VAS) growth in December quarter, said Gawande.

We are hoping to open between 20 and 30 gyms in Q4FY18, he further mentioned.

Have a 50 percent joint venture (JV) with Mickey Mehta, he said.