In an interview to CNBC-TV18, Lalit Malik, CFO of Dabur India spoke about the latest happenings in his company and sector.
Malik said sentiments and demands are improving post goods and services tax (GST). However, sales not back at pre-GST levels yet, he added.
He further said that the industry will take time to get used to GST norms.
Distributors are complying with GST provisions, he added. Therefore, see no breaking of distribution chain for company, he further mentioned.
Malik expect demand to kick in post monsoon.
He also expects good growth in terms of volume increase.
"As far as our volume growth is concerned in India, fast moving consumer goods (FMCG) sector we do expect to be in a mid to high single digit growth and we have indicated between 5 percent and 9 percent range. So mid to high single digit is what we are expecting in Q2," he said.
Dabur is focusing on maintaining or slightly improving margins, said Malik.
Watch accompanying video for more details.
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