FY18 has been the most difficult year mostly for the dealer fraternity. After-effects of demonetization, GST implementation, unseasonal rain, and price hike slowed down the business significantly. We achieved only single digit growth of 9 percent in the previous financial year. For FY19 we are expecting to yield a higher profit margin as the GST rate has been brought down from 28 percent to 18 percent on electronics products.
Brands retailed: LG, Panasonic, and Intex
Annual turnover (2017-18): Rs. 4 crore
Projected growth (2018-19): 20 percent