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KEI Industries expects export sales to grow by 20% in FY19

Updated : November 01, 2018 01:23:11 IST

KEI Industries posted a strong set of quarterly numbers and the company has also raised its FY19 guidance. Anil Gupta, CMD of KEI industries, spoke to CNBC-TV18 about the earnings and growth outlook.

“This year we expect to grow by 35 percent in house wire sales. Overall sales has grown by 33 percent in Q2 compared to the corresponding quarter in last year. The total revenue from this segment was around Rs 500 crore last year and this year we expect it to grow to around Rs 700 crore,” Gupta said on Thursday.

“Volume growth is around 24 percent but overall in the value terms, the sales has grown by 33 percent in this quarter compared to the corresponding quarter,” he added.

“In this year, our strategy is to keep the EPC business almost at the level of last year which will be anywhere between Rs 900 crore and Rs 1,000 crore including the sales of cable. So far as retail business is concerned, we had given a guidance of 30-35 percent growth and we hope that we should be able to maintain a ratio of 35 percent through retail sales vis-à-vis the overall sales,” said Gupta.

“We have substantial export order book at the moment and whatever shortfall is there in the first half, I expect it to be made up in the second half and we expect to grow the export sales by around 20 percent on a full year period,” he said.

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