Expect to continue margin growth, says Bajaj Electricals

Anuj Poddar, Executive Director at Bajaj Electricals, said the company will continue to drive margin growth. "We will continue to drive margin growth, so we do expect to continue margin growth," he said.

The company has taken price hikes effective from January 1, 2021 to cover for some of the commodity cost. "It is yet one month of Q4, let us see how Q4 goes but we remain fairly optimistic about Q4 as well,” he said.

"Consumer business has grown by 34 percent and we are seeing very strong operating leverage, very tight cost management. So our consumer operating profits are up more than 100 percent, profit before tax (PBT) is up 8 times over last year and our profit after tax (PAT) is over 10 times of last year,” he said.