Premiumisation trend to recover as inflation shows signs of abating: Anil Rai Gupta, Havells India
Anil Rai Gupta, CMD, Havells India, says “Lloyds is improving the margins and that is a sizable part of the overall business. But within Havells, there were massive investments of brand building which will normalise over the next quarter. So we will see improvements in the overall EBITDA margins for the company.”
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Given that the company has seen the lowest growth in nearly three years and this has come despite the festive season, what have been some of the challenges and when do you think you will get back to double-digit growth?
Anil Rai Gupta: A few things here. One, I would say that the consumer demand has definitely been a bit sluggish but not only in this quarter, but also the last few quarters. We have seen some revival coming in the second half of the quarter. In fact in December which hopefully should augur well for the coming quarters but also the fact that last year particularly there was a high base, especially for consumer durables. We have also seen deflation in the lighting business, whereas the volume growth is quite healthy. So we believe that this is a little bit structural and topical because of the quarter. But we do believe that in the coming quarters it should be better.
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Offering CollegeCourseWebsiteIIM LucknowIIML Chief Executive Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitIndian School of BusinessISB Chief Technology OfficerVisit B2C demand continued to remain sluggish at around 70%. Is the recovery in sight? What is the outlook for the summer season?
Anil Rai Gupta: In consumer demand, the B2C segment has seen a little slowish demand. B2B is
