Expect better margins from last year because of GST: V-Mart Retail

In an interview to CNBC-TV18, Lalit Agarwal, CMD of V-Mart Retail discuss the business outlook ahead as well as shared his views about goods and services tax (GST) impact on the sector overall.

Things have settled down, things are rolling back, most of the vendours have started dispatching goods, customers are coming in. Consumer demand is still little low otherwise GST is back to normal and we are seeing supply chain streamlined, he said.

GST implementation has weakened the micro, small & medium enterprises (MSME) sector in this particular quarter, so people are confused.

We anticipate a small dip in the sales, he added.