"We will maintain this 3.5 percent expense on the advertising and sales promotion," Anil Rai Gupta, Joint MD, Havells India said.
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.
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.
Anil Rai Gupta, Joint MD, Havells India expects to achieve around 12 percent overall growth for the entire year, higher than 9-10 percent guided earlier. He is hopeful that for the entire year overall margins would be at about 13.5-14 percent.
The revised target of 18 percent growth from 27 percent last year shall be achieved if India maintained its gross domestic product (GDP) growth of 6 percent, Anil Gupta of Havells India said.
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.
Anil Gupta, joint MD, Havells India explains to CNBC-TV18 the extraordinary item of a favourable ruling in the Osram judgment and the 33-percent growth posted by the consumer-durable division has helped the company post positive results.
In an interview to CNBC-TV18, Anil Gupta, joint managing director of Havells India says, the company is expecting 15-20% revenue growth this year.
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.
Havells posted a good set of second quarter FY12 numbers. Joint managing director Anil Gupta informed that the sales growth was driven by volume growth. He committed to deliver 8% margins for Sylvania. He stated that the company will focus on profitability in Europe and growth in Latin America and India.
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.
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.
On the back of the strong numbers in the quarter, the company’s joint managing director Anil Gupta says that the company is initiating “new plans in areas like China and a renewed effort in the US markets with the Havells brand growth.”
In an interview with CNBC-TV18, Anil Gupta, Jt MD, Havells India spoke on the company's business plans going forward.