CHENNAI: Very few firms are able to achieve sustainable growth (both top line and bottom line) over a period and most companies find it difficult to sustain growth even over a period of five years, D. Shivakumar, managing director, India, and vice-president, Nokia, has said. “The reference benchmark is that your top line growth has to beat GDP growth and your fixed costs must come down at a higher rate than inflation,” he told members of the Confederation of Indian Industry at a fellowship evening hosted by UniverCell and CavinKare on Saturday.
The challenge for companies today was to meet predictable profitable growth.
C.K. Ranganathan, chairman, CII – Tamil Nadu spoke.