
52% sales came from overseas: Symphony's Bakeri
Symphony becomes only the second consumer goods company to make 50% of its revenue from international markets.
Symphony becomes only the second consumer goods company to make 50% of its revenue from international markets.
Hit by the pandemic, the air cooler maker’s net profit declined 41% in FY21. However, the company’s international business managed to arrest the domestic impact to some extent, says CMD, Bakeri.
The heads of two well-known consumer brands in India – Symphony and Luminous – said that innovation and understanding the consumer’s needs helped catapult them to the top.
Policy makers and industry leaders discuss trends that can get midsize companies to the next level.
Achal Bakeri learnt the hard way that diversification is a double-edged sword. He focussed on one single product and has brought innovation and growth back to his company.
Editor’s letter from the March 15 - June 14, 2019 issue