Shalimar Paints records Rs 2.80 cr loss in Fy14

摘要

SHALIMAR Paints has reported sales of Rs 479 crores and loss of Rs 2.80 crores for the year ended on March 31, 2014. Sameer Nagpal, Managing Director and CEO, Shalimar Paints said, "2014 was a year of transition as the company changed its strategic direction towards consumer business. With the change in strategy, a number of corrections and initiatives were undertaken through the year to ready the company for accelerated growth in the coming years. We now have a defined execution roadmap backed by consumer focused brand and channel strategy, and a robust team capable of managing this transition."