Date: 2013-08-01

Expect 30% Upside in SKF India: Phani Sekhar

Sekhar told CNBC-TV18, "SKF is a blue chip multinational company which is a leader in bearings segment in India. It outsources some of the bearings from its parent while some are manufactured in house. Its growth is highly dependent on the revival and the ultimate performance of the industrial segment in India as well as the auto segment. Expectedly its sales took a hit because of the sudden slowdown in the macro environment but with a pickup in both autos and industrials, its topline has started improving while its margins have already improved in the last couple of quarters because of the fall in commodity price.

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