KEI Industries Ltd. expects strong performance of its retail business and exports to drive the company's growth in the coming years.
“We are expecting to grow more than 15 percent in the coming years,” Chairman and Managing Director Anil Gupta said, adding that the company has grown substantially in the past 2-3 years. “We are treading on the trajectory which we had chalked out 6-7 years back,” he told BloombergQuint. “We have seen substantial growth in the retail business through the dealer network, which has grown 30-35 percent year-on-year.”
The company has grown at an annualised rate of 73 percent over FY14-19 and is the fastest growing cable-and-wire maker, supported by strong institutional and retail sales as well as exports, brokerage Anand Rathi said in a report. The company also benefited from a large spend on infrastructure by the government, it said.
KEI Industries is focusing on institutional sales, exports, retail segments, penetrating small cities and rural markets, and urban infrastructure projects in various states, Gupta said. “We had initially guided for full-year growth of 18-20 percent, we will try to maintain that.”
Watch | KEI Industries' Anil Gupta on the company's growth drivers
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