The VIP Industries stock has been up 30 percent in the last three months. In an interview to CNBC-TV18, Dilip G Piramal, Chairman of the company spoke about the latest happenings and how business is panning out.
Sales were low in June in preparation of goods and services tax (GST), said Piramal.
GST at 28 percent has put a spanner in the work so there is uncertainty about margins and even sales growth, he added.
"I do not think we can control advertising spend because that is an important part of marketing, in fact that is the main marketing tool we have," Piramal said.
On expansion front, he said it's the time to diversify and also planning to increase production in the Indian region.
Watch accompanying video for more details.
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