Escorts Expects High Single-Digit Sales Growth In FY19

Escorts Ltd., which posted double-digit sales growth in the last few months, may not be able to maintain that pace going forward.

The tractor maker is expected to post high single-digit growth next year, its Group Financial Controller Bharat Madan told BloombergQuint in an interview. The company took one price hike this month on rising input costs, said Madan, adding that Escorts might hike prices by 2-3 percent this year.

Escorts sold 11,790 units last month, an increase of 66.5 percent from March 2017, aided by festive demand.