Talwalkars Fitness will continue to focus on improving geographical presence say MD Prashant Talwalkar and CFO & Whole-time Director Anant Gawande in an interview to CNBC-TV18.
Speaking to CNBC-TV18, Anant Gawande, CFO and Wholetime Director at Talwalkars said that he expects a 12-14 percent contribution to net profit from the business in Sri Lanka and a 26-27 percent return on capital from investments in Power World.
Speaking to CNBC-TV18, Anant Gawande, chief financial officer, Talwalkars says the occupancy rates are the highest in first 15 days of the year and most renewals too take place in the same month.
Anant Gawande, CFO, Talwalkars in an interview to CNBC-TV18 spoke in detail about their plans to acquire ‘Inshape Health and Fitnez‘. The company plans to acquire 51 percent stake from the promoters in an all cash deal.
Talwalkars‘ Annual August Scheme contributes 35 percent to the annual turnover and excess of 40 percent of the annual profits, says Anant Gawande, CFO and Wholetime Director of the company.
Anant Gawande, CFO & Wholetime Director of Talwalkars said David Lloyd is a leading club company in the world and it has technology and brand name which will help Talwalkars establish its presence in a major way in India.
Talwalkars is now set to rollout state of the art club, which is anticipated to generate revenues Q3FY16 onwards, says company CFO Anant Gawande.
Speaking to CNBC-TV18, Anant Gawande, chief financial officer and wholetime director, Talwalkars, says the new value added services are being lapped up by customers and Zumba, specifically is likely to be the gym chains‘ focus area going ahead.
Anant Gawande, CFO & Whole Time Director, Talwalkars told CNBC-TV18 that this year it will start between 25-30 gyms.
In an interview to CNBC-TV18, Anant Gawande, chief financial officer, Talwalkars Better Value Fitness gives the details of their institutional placement (QIP) and their joint venture with David Lloyd Leisure Clubs.