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Bajaj Electricals eyes Rs 5,000 crore revenue in FY17

13 Oct 2016

Bajaj Electricals is looking to achieve a turnover of around Rs 5,000 crore in FY17, helped by robust growth in its durable and engineering and project segments. The company is expecting an equal contribution of around Rs 2,500 crore each this fiscal from its both segments - durables and engineering and projects (EPC) divisions.

In FY 2015-16, the company had posted Rs 4,634.80 crore revenue from operations and other income. It is presently restructuring its consumer products business by adopting the distribution system from the wholesale model.

Bajaj Electricals, part of the Rs 20,000 crore Bajaj Group, is engaged in business appliances, fans, lighting, luminaries and engineering and projects.

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SEBI Registered: Investment Adviser - INA000013323