homebusiness Newscompanies NewsButterfly acquisition is adding to Crompton's growth strategy, says CFO
Butterfly acquisition is adding to Crompton's growth strategy, says CFO
“Butterfly, which has come into the portfolio, has started adding to the overall growth strategy that we have,” said Kaleeswaran Arunachalam, CFO at Crompton Greaves Consumer Electricals.
Crompton Greaves Consumer Electricals has just completed the acquisition of Butterfly.
“There is a lot to do in terms of integrating both these businesses and ensuring that the value unlocks that we were expecting gets executed on the ground,” said Kaleeswaran Arunachalam, CFO at Crompton Greaves Consumer Electricals.
“Butterfly, which has come into the portfolio, has started adding to the overall growth strategy that we have,” he added.
According to him, from the festive perspective, the demand has just started.
“We are getting into the festive season, the early signs are quite encouraging, we need to watch out how the entire month of October pans out, which will give a good indication of how things are holding,” he said.
“The commodity cost, which went through a super cycle, probably is getting into a phase of stability right now. So we would see that giving a little bit of comfort in terms of how do things move forward on the commodity cost,” he mentioned.
For the full interview, watch the accompanying video
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
2024 Lok Sabha Elections | PM's Rajasthan speech — has it anything to do with the post-poll mood of the first phase
Apr 23, 2024 3:45 PM
It's KGF 2024 and here's a look at the key characters in Karnataka
Apr 23, 2024 3:17 PM
JP Morgan: Nifty may test 25,000 if BJP wins in 2024 Lok Sabha elections
Apr 23, 2024 2:23 PM