Expect over 30% growth in Q4; low material costs to help:Vadilal

Ice-cream maker Vadilal Industries is running at 90 percent capacity utilisation and it has had a robust summer demand this March, said Rajesh Gandhi, CMD of the company.In an interview to CNBC-TV18, Gandhi said the company may achieve over 30 percent growth in the fourth quarter of FY16 year-on-year. It will continue to strive for increased penetration in its markets. He credits the growth in demand to an increase in outlets that have come up on the back of better power supply.Vadilal's profitability will be much higher due to lower material costs and higher capacity utilisation, said Gandhi, adding, the company may consider storage options during off-season as well.The company's current debt stands at Rs 150 crore.Watch video for more...