Moneycontrol
Jun 01, 2017 04:02 PM IST | Source: CNBC-TV18

Expect to grow 20% in domestic market YoY: Visaka Industries

In an interview to CNBC-TV18, V Vallinath, Whole Time Director & CFO of Visaka Industries spoke about the latest happenings in the company.

In an interview to CNBC-TV18, V Vallinath, Whole Time Director & CFO of Visaka Industries spoke about the latest happenings in the company.

"V-board is an exciting business. We are doing very well, we are growing very well. This is a product which can be used for any application and every application whether residential, commercial or industrial," said Vallinath.

He expects to grow 20 percent in the domestic market year-on-year (YoY).

On price hike front, he said that at the moment they are not looking at pricing. Pricing will go up over a period of time, but as we reach 100 percent capacity utilisation the margins will grow, so margins not a worry in this business.

Speaking about goods and services tax (GST), he said the current level of taxation is 28 percent. GST rate now has come down to 18 percent, so there is a 10 percent saving in the tax.

Watch accompanying video for more details.

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