Brands Retailed: LG and Videocon
Annual Turnover (2017–2018): Rs 18 crore
Projected Growth (2018–2019): 25 percent
2018 has been an all-time low for our business. Post GST the market witnessed a steep fall and continued to decline throughout the year. Refrigerator was the highest earning category on our counter. The share of FPD TVs declined 3-4 percent from the overall revenue because of heavy discounts offered by e-commerce. FDI policy for e-commerce has not yet provided clarity; hence it is difficult to expect if it will be beneficial for traders. We expect 2019 to be a better year with better lucrative prospects.