Polycab is buzzing in trade today, the company saw subdued growth, but operationally it was a strong Q2 numbers. Inder T Jaisinghani, CMD and Gandharv Tongia, chief financial officer of Polycab India spoke to CNBC-TV18 about targeting revenues of 85-90 percent of last year, exports are doing well and company is looking to increase their distribution reach as well as product their product reach.

Talking about B2C business Gandharv Tongia said, “The B2C revenue has significantly increased, within B2C there are two sub segments one is FMEG segment and we have recorded a 25 percent growth there. Another thing B2C retail wire business has recorded a good healthy double digit growth. Both of these things are getting reflected in our contribution as well as in profitability.”

“The exports business has significantly improved. We wanted to ensure that exports on sustainable business contribute 10 percent to our topline and which is what we have achieved this in our quarter,” added Tongia.

Inder T Jaisinghani said, “Demand is going to increase continuously because we are catching up new towns, catching up new district areas. We are working on to reach out at all district levels and increase the network and increase production capacity because demand is really increasing. We are also thinking to go to backward integration and there is a good scope because today everybody is talking about not to import from China.”