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videos | IST

Expect to have double digit growth this fiscal, says JHS Svendgaard

JHS Svendgaard Laboratories is aiming at double digit growth this year, said Nikhil Nanda, managing director of the company.
The company posted a weak set of numbers for the quarter gone by with the revenue declining by 33 percent with the EBITDA turned negative.
“We will still have some growth numbers in the current financial year. This quarter has been more of an aberration,” he said.
“We have developed two toothpastes and those are under stability tests and it takes about six months for the stability tests to conclude. I think those numbers will also come in from Q3. So we will have some growth over the last year numbers. It is going to be a double digit growth definitely,” he added.