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Havells India has just announced their entry into the water purifier segment. In an interview with CNBC-TV18, Narendra Choudhary, Executive VC of the company spoke about the latest happenings in his company and sector.
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In an interview to CNBC-TV18, Anil Rai Gupta, CMD of Havells India spoke about the goods and services tax (GST) and latest happenings in the company.
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The acquisition was financed through internal accruals, said Anil Rai Gupta, CMD, Havells India.
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On the side-lines of AIMA's event in Delhi, Ashpreet Sethi of CNBC-TV18 caught up with Pawan Munjal, MD of Hero Motocorp and Anil Rai Gupta of Havells India.
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Their main aim is to deleverage the balance sheet and increase investments into high margin businesses like OEMs, rail and defence air conditioners, transport air conditioners etc, said Nipun Singhal, Director, Lloyd Electric & Engineering.
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Competition is healthy for any business because it brings in pricing efficiency and product quality into the market, says B Thiagarajan, Joint MD, Blue Star commenting on the acquisition of Lloyd Electric by Havells India.
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In an interview with CNBC-TV18, market veteran SP Tulsian and Rabindra Nath Nayak of Dolat Capital Group Company gave their take on the Havells-Lloyd deal.
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Havells India CMD, Anil Rai Gupta, says the impact of demonetisation may not be seen in the fourth quarter. The electrical equipment manufacturer reported increased profit at 27.5 percent year-on-year in the quarter ended 2016.
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The goods and services tax (GST) will not put Havells India's margins under pressure, says company CMD Anil Rai Gupta. But he says the benefits passed on to consumers will be limited once GST is implemented.
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Havells India grew at 13 percent in the first half of current fiscal. Considering the satisfactory growth rate in the current quarter, Anil Rai Gupta, Chairman and Managing Director Of Havells India.
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In an interview to CNBC-TV18, Shantanu Khosla, MD of Crompton Greaves Consumer Electrical said that they want to grow the topline faster than the market.
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Speaking to CNBC-TV18 Saurabh Goel, Executive VP of Havells India said the rationale behind launching an advanced water heater was to bring a high-tech product to consumers.
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Speaking to CNBC-TV18, Vivek Yadav, VP of Havells India said that this segment represents a very attractive proposition as the current market size is small – about Rs 500 crore – and expects Rs 100 crore revenue from it by 2020.
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Bajaj Electricals CMD Shekhar Bajaj says with winter not setting in yet, sales of winter-dependent products are yet to pick up. Also, with online retailers offering such steep discounts, there is confusion in the minds of consumers.
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Anil Rai Gupta of Havells India is confident that the overall growth in FY15 will be better than FY14 and is hopeful of achieving 13-13.5% EBITDA margins for the domestic market and 5-5.5% for international markets in FY15.
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Anil Rai Gupta, joint managing director of Havells India says the company is witnessing increased uptick in all product categories. He is confident of achieving 15-20 percent growth in FY15.
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Anil Rai Gupta, Joint Managing Director, Havells India, believes the Indian economy is bottoming out and a turnaround in sentiment should increase demand for its products.
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Things have improved in Europe, but the problems still exist. In an interview to CNBC-TV18 Anil Gupta, joint managing director of Havells India says Europe remains sluggish, but other markets are holding up. "Our market share has improved in Europe," he asserts.
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Anil Gupta, joint managing director, Havells India speaking to CNBC-TV18 about joint venture said that the company already had research and development base in China but wanted a good manufacturing base to support its global requirements.
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Commenting on Crompton’s fears of being on the eye of a storm of falling consumer demand, Anil Gupta, joint managing director of Havells India, trading in the same sector, says the phenomenon will for only last one quarter.
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In an exclusive, Anil Gupta, joint managing director, Havells India joins CNBC-TV18 to discuss the effect on profits from decreasing demand in Europe. Philips recently issued a statement saying profits will be hit for them. "This is irrelevant for Havells since only 20% of the consolidated revenue comes from the region," the Jt MD assures.
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In an interview with CNBC-TV18, Anil Gupta, Jt MD, Havells India spoke on the company's business plans going forward.
