Annual Investor Conference 2019
The 7th edition of RPG’s annual investor the conference took place on June 12th at Sofitel, Mumbai. The event was attended by nearly 500 delegates despite there being two other prominent investor meets in the city. The Conference started with a keynote address by Chairman Harsh Goenka where he outlined the threats posing the global economy in the form of escalating trade disputes, rising crude prices and weakened financial market sentiment. He broadly took the audience through the double-digit revenue growth recorded by the group and the developments that led to it.
Delivering the group’s financial updates, Group CFO Pramod Menon outlined the 4 key areas which the team will focus on – capacity enhancement, liquidity management, profit orientation and building capability. He mentioned that this focus had ensured that the credit profile of all 4 listed entities had improved significantly. Investors were also informed that CEAT is now a $ 1 billion-revenue organisation. He spoke about the company’s strategy of customer acquisition via differentiated products, deepening OEM tie-ups, strong brand, world class R&D, extensive distribution network, and global reach. He explained how the Rs 4000 crore planned CAPEX would be deployed across Halol, Nagpur, Chennai and Ambernath plants.