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business | IST

Confident of 12% annual growth going forward, says SH Kelkar

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The SH Kelkar stock has underperformed for the year and the month. Kedar Vaze, Group CEO of SH Kelkar, discussed the company's business outlook for FY21.

The SH Kelkar stock has underperformed for the year and the month. Kedar Vaze, Group CEO of SH Kelkar, discussed the company's business outlook for FY21.
“Globally sales are quite strong. So we are very confident of double-digit 12 percent sort of growth going forward,” he said in an interview with CNBC-TV18.
“Business has been quite strong since Q2 of FY20 post the pandemic. We have completed our acquisition of 300 percent stake in the Italian subsidiary,” he said.
“Business has been growing at 8-9 percent growth on a year-on-year (YoY) basis,” he said.
“Growth for the business is intact, we are seeing continuous growth.”
“We are open to any kind of inorganic acquisition if there is good value proposition.”
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