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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 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.
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.
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.
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).
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.
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.
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.
With an eye on better earnings performance ahead, the fitness centre is introducing new products and ideas to help customers utilise more facilities.
Anant Gawande, CFO of Talwalkars said the company's performance has been encouraging in the first quarter of FY13. Looking at the good responses to new initiatives, Talwalkars is hoping to maintain 35% sales growth in the current fiscal.
Anant Gawande, CFO, Talwalkars Better Value Fitness told CNBC-TV18 that finacial year 2013 has started on a positive note for the company. Its topline grew 30% and bottonline 48% last year and it is confident of maintaining the company's grwoth rate at 30-35%.
Anant Gawande, CFO of Talwalkars Better Value Fitness says that his third quarter performance was impacted by the festive season.
Talwalkars Better Value Fitness saw a 24% year-on-year growth in net profit, coming in at Rs.2.01 crore. In an exclusive interview with CNBC-TV18, Anant Gawande, chief financial officer said that the company witnessed a small decline in PAT due to minority interest accounting.
Anant Gawande, CFO, Talwalkars Better Value Fitness in an interview with CNBC-TV18 spoke about the quarterly performance of the company.
In an interview with CNBC-TV18, Anant Gawande, CFO, Talwalkars, speaks about the results and gives his outlook going forward.