"We are looking at hiking the prices of certain products in the durables division following the massive fall in the rupee. The first segment to see a price division will be CFL (compact fluorescent lamp) as most of its critical components are imported.
"However, we are yet to decide on the quantum of the hike which will be announced soon," Bajaj Electricals joint managing director Anant Bajaj told PTI after announcing the Q4 numbers.
Bajaj also said he is hopeful of the company clipping at over 22 per cent in the current fiscal to clock a topline of Rs 3,800 crore. In FY12, the city-based company had a topline of Rs 3,094.19 crore, against Rs 2,739.41 crore in FY11.
Net profit for the March quarter declined to Rs 49 crore compared to Rs 57.45 crore a year ago, largely due to a dismal show by the engineering and projects vertical and the fan business.
The net profit for the full year fell 18 per cent to Rs 117.88 crore, as against Rs 143.79 in the year ago period.
Attributing the reasons for the poor numbers, Bajaj noted that "the infrastructure industry has been going through a bad phase and this has impacted the performance of our engineering and project division.
"For FY12, sales were flat at Rs 832 crore resulting in poor absorption of fixed costs and lowering of margins. Consumer durables margins were also impacted due to revenue and margin pressures in fans and high commodity prices."
The company, however said, its net sales during the fourth quarter was Rs 1,058.64 crore from Rs 979.36 crore in the previous year.
Bajaj further said the cost of raw materials shot up during the year following the rupee fall, putting pressure on the margins, and plans to hike the prices of few of its products in the near future.
Segment-wise, lighting business registered a revenue growth of 21.2 per cent during the year to Rs 764.8 crore, while consumer durables business grew 17.5 per cent to Rs 1,500.5 crore.
He further said the company plans to set up a R&D centre by this fiscal but did not divulge the location or the cost for the same.