Talwalkars reported a steady performance in a seasonally weak quarter. In an interview with CNBC-TV18, Anant Gawande, CFO and Wholetime Director of the company spoke about the results and his outlook for the company.
Talwalkars 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 Talwalkars spoke about the results and his outlook for the company.
Talwalkars Better Value Fitness posted a steady set of earnings in Q1 as the profit after tax jumped and there was a slight improvement in margins. In an interview to CNBC-TV18, Anant Gawande, CFO & Wholetime Director of Talwalkars spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Anant Gawande, CFO & Wholetime Director at Talwalkars Better value Fitness spoke about the results and his outlook for the company. “We opened 20 gyms exactly on the demonetisation day and we have added approximately 8,500-9,000 members in that”, he said.
Talwalkars would have done better in the third quarter if it was not for demonetisation, says CFO & Wholetime Director Anant Gawande, adding, around 3-4 percent growth was lost.
"In some gyms we have hiked price for about 4.5-5 percent. The biggest move is we have opened 20 gyms on one day in Bengaluru. You will see a little inching up of the topline", Anant Gawande, CFO & Wholetime Director of Talwalkars told CNBC-TV18.
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.
Talwalkars plans to acquire local gyms to facilitate deeper penetration and enhance presence in new cities says CFO and Wholetime Director Anant Gawande.
Talwalkars Better Value Fitness reported a steady fourth quarter yesterday, topping off a year in which its revenues about 15 percent to Rs 258 crore while profit grew 20 percent to Rs 55 crore.
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.
The number of gyms for the company would move from 170 to 250-300 over next three years, said Anant Gawande, CFO & Wholetime Director of Talwalkars.
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.
Anant Gawande, CFO, Talwalkars says the recently signed acquisitions are with small and medium enterprises companies that have both high EBITDA and return on equity.
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.
Health fitness and gym chain major Talwalkars reported a 17 percent rise in its consolidated Q1FY15 (April-June) net profit at Rs 4 crore against Rs 3.4 crore year-on-year (YoY).
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.
In an interview to CNBC-TV18, Anant Gawande, CFO and Wholetime Director of Talwalkars, discusses company's earnings and future outlook.
Anant Gawande, CFO and wholetime director, Talwalkars says the company's gyms have been performing well.
Talwalkars is now set to rollout state of the art club, which is anticipated to generate revenues Q3FY16 onwards, says company CFO Anant Gawande.
On the road ahead, Anant Gawande, chief financial officer & wholetime director, Talwalkars says the company‘s club business is starting to take shape and the property for the same has been finalized in Baner, Pune.
Talwalkars Better value Fitness aims to be in line for a profit growth of about 25 percent for the year.
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.
For the first time since initial public offering (IPO), Talwalkars has become net cash flow positive. During the quarter gone by, it also managed to pare down its deby by 7-8 percent and .
Breaking away from the traditional gym framework, Talwalkars has added Zumba, a dance fitness regime and Reduce, a diet program to its offerings.