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HIL promises better topline growth and product diversity

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Hopeful of better topline growth due to diversity in product mix: HIL

HIL posted a steady set of first quarter of FY18 earnings. In an interview to CNBC-TV18, Dhirup Roy Choudhary, MD & CEO of the company discuss all the details.

HIL posted a steady set of first quarter of FY18 earnings. In an interview to CNBC-TV18, Dhirup Roy Choudhary, MD & CEO of the company discuss all the details.

“The company has seen a topline growth in the last three years and has been moving steadily to move away from the legacy products and also increase its share in newer products and I believe that going forward you would see a much better diversity in our product mix which will get us growth in the topline,” he said.

We look forward to a very good quarter going forward where goods and services tax (GST) should help us in consolidating our business, he added.

Farmers’ loan waiver could also have a significant contribution towards positive growth for HIL.

GST rates for roofing has come down from 28 percent to 18 percent and now it is at par with the steel sheet which gives a great competition to our cement fibre roofing solutions. That is a very positive way going forward for HIL, he further mentioned.

According to him, unorganised segment will get consolidated and the market share will get split between the organised sector. This will have a good impression on the business, he said.