We may double exports in FY22, says Duroflex MD Mathew Chandy
The Hindu
People taking sleep seriously now, says Duroflex MD
The five-decade-old Duroflex Pvt. Ltd., a sleep-solutions provider, has set its sights on achieving a turnover of ₹1,000 crore in FY22, tailoring its products for customer needs, says MD Mathew Chandy in an interview. Edited excerpts: FY 21 was a blessing for us. Exactly, this time all our factories, shops and offices were shut. We had a lot of salaries to pay. We all had to work harder and much more together. We focused a lot more on doing smart work rather than hard work. FY21 was the best year ever and most profitable too. The first quarter was a washout. By the third and fourth quarter, we were 25% above the previous fiscal in top-line. The sales run rate was 50% higher than FY20 and we ended with a turnover of over ₹600 crore. The pandemic was more of a vaccine for us than a virus. We made a lot of investments.
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