Sony India expects lower growth next fiscal

Kolkata: Consumer electronics major Sony India Private Ltd is expecting a lower growth rate in the coming financial year, a company official said today.

Sunil Nayyar, head (sales), Sony India, told reporters that sales growth in the coming fiscal would be lower due to the current economic meltdown.

Nayyar said that during 2008-09, the growth of the company would be 20-25 % higher over 2007-08, when it clocked a revenue of Rs3,000 crore.

“In the next fiscal, growth in revenue would be in the range of 15-20%. We do not expect robust growth,” he said.

Nayyar said the CTV category had witnessed a sales drop and was the worst-hit.

The company would focus on the LCD and digital imaging segments, he said.

The eastern region contributed 10 per cent of the company’s total sales in the country.