Mithun Chittilappilly, Managing Director, V-Guard Industries in an interview to CNBC-TV18 said the topline growth in first half has been just around 2.6 percent and so have revised the full year topline growth guidance from 15 percent to 10-12 percent.
India’s leading consumer electrical and electronics company - V-Guard Industries Ltd.’s Kashipur factory was felicitated as the Bronze ...
India’s leading consumer electrical and electronics company - V-Guard Industries Ltd.’s Kashipur factory was felicitated as the Bronze ...
Speaking to CNBC-TV18, Mithun Chittilappilly, Managing Director, V-Guard says the company will maintain a single price policy across India for the cables and wires division while price sensitive products will include water heater stabilisers and pumps.
V-Guard targets a revenue growth of about 15 percent where average realizations for copper division is down by 10 percent year on year basis.
In an interview to CNBC-TV18, Mithun Chittilappilly, managing director, V-Guard Industries, says the company is looking to target Rs 1800 crore revenue and 8% EBITDA margins for the fiscal year.
In an interview to CNBC-TV18, Mithun Chittilappilly, MD of V-Guard Industries, said though there has been an improvement in consumer sentiment, footfall is yet to pick up.
V-Guard Industries aims to clock 9 to 9.5 percent EBITDA margin in FY14.
Three months prior to listing, two weaknesses were glaringly obvious: Competition was almost 10 times bigger than V-Guard, which had revenues less than Rs 200 cr; the Kochi-based company was also overly dependent on stabilisers, which accounted for 50% of its revenues and 80% of profits.
At a time when other fund managers have been struggling to perform in a wayward market, Thakur's Avendus Fund II has returned 12.4 percent annually even while the benchmark BSE Smallcap Index was down by 17 percent for the last two years.
Mithun Chittilappilly, executive director, V Guard Industries is optimistic on the days ahead as he sees good market demand coming in from the South Indian geography.
Mithun Chittilappilly, ED, V Guard Industries, in an interview on CNBC-TV18 spoke about the latest happenings in his company and sector.
In an interview with CNBC-TV18, Mithun Chittilappilly, ED, V Guard spoke about the latest happenings in the company and the road ahead.
Mithun Chittilappilly, the ED of V-Guard Industries, in an interview on CNBC-TV18, spoke about the latest happenings in his company and sector.