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Rural markets are seeing an uptick in demand, says Bajaj Electricals CMD

From about 10% now in terms of manufacturing in-house, we would like to take the figure to about 25-30% in the next three years, says chairman and managing director of Bajaj Electricals, Shekhar Bajaj

Viveat Susan Pinto 

Mumbai-based Bajaj Electricals reported around 98 per cent jump in net profit for the June quarter on the back of its performance in the consumer durables business, which gives it nearly half its turnover. Revenue growth of the consumer durables business for the June quarter increased 27 per cent, led by strong volume growth.

Shekhar Bajaj, chairman and managing director of the firm, explains to Viveat Susan Pinto on what led to this sales jump, besides throwing light on the benefits accruing to the sector on account of the GST rate cuts in appliances. He also spells out his M&A plans ...

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First Published: Fri, August 10 2018. 02:16 IST
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