Two disastrous summers: Symphony’s Achal Bakeri
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.
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.
Glimpses from the Fortune India Next 500 summit in New Delhi.
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.
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.