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Building products will deliver growth of 5-10% in FY21 revenue, says Visaka Industries

Updated : February 23, 2021 03:24 PM IST

The company will deliver a growth of 5-10 percent in revenue in FY21 in building products, said G Vamsi Krishna, Joint Managing Director of Visaka Industries, on Tuesday.

Speaking in an interview to CNBC-TV18, he said, “This year we will be seeing growth about 5-10 percent in building sustainability division because of the COVID-19, but otherwise our growth numbers are around 20-25 percent year-on-year (YoY) in that division.”

On textile business front, Krishna said that the company will end FY21 with a revenue of Rs 140 crore. “We will be back on track the way we are going. I had indicated around Rs 140 crore from that business and we will stick to that, we should be getting same amount as promised last time. The textile business is seeing a positive light right now after a troublesome period of the COVID-19,” he said.

Talking about price increase, Krishna said, “This year our company has focused heavily in terms of getting the best premium in the market and this year our strategy has been to aim at that and we are happy to say that in the last 35 years this is the first year we have been seeing a premium in almost all the markets that we are operating in compared to any of our competitors.”

For full management commentary, watch the video.
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