Anil Gupta on his plans for a turnaround in Havells India
“With raw materials prices coming back to normal hopefully in the coming months, the margins should go up and lead to profitability in Lloyd. We are looking at Lloyd as a long-term investment. Even in this quarter, most of the EBIT loss is contributed by the fact that we had a high amount of advertising and our focus will continue to remain on distribution and brand building.”