Consumer electronics manufacturer PG Electroplast Ltd. is expecting a growth of at least 30–35% in the next financial year, according to Managing Director Vishal Gupta.
As the summer season approaches, the demand for air conditioners typically spikes, but manufacturers have been grappling with delays in the procurement of critical raw materials. Companies, including Voltas, Blue Star and Godrej Appliances, are concerned about a potential shortage of components due to supply chain disruptions, particularly with key materials sourced from China.
-
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI -
"I Am A Material Man In A Material World': Quantum Advisors' Ajit Dayal On NDTV Profit Ignite
Despite these industry-wide challenges, Gupta exuded confidence that PGEL was well-prepared, highlighting that the company had already made adequate arrangements for sourcing compressors, which had been a key area of concern for others.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Gupta emphasised that PGEL would achieve its guidance for the current fiscal and he expects substantial growth in the next fiscal. "We will achieve it comfortably," he told NDTV Profit.
Even with a strong growth base from the current fiscal, where the company has grown nearly 100%, feedback from clients indicates that PGEL is on track to achieve a 30–35% growth in fiscal 2026. The final guidance will be provided during the company's annual results in May, according to Gupta.
He also highlighted the government's focus on increasing local value addition and promoting backward integration within India. While the exact details of policies are still being finalised, Gupta said the government believed that these could create a more robust local component ecosystem, potentially impacting margins and asset turns for the company.
PGEL is also targeting a 40–50% growth in its TV manufacturing segment in the next fiscal. The company is set to enter the electric vehicle market, awaiting approval for a new EV bike project.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
