In an interview with CNBC-TV18, Nishant Arya, executive director of Jay Bharat Maruti said, during Q1 the material cost was quite high compared to the previous year. That, he said, was one of the big reasons for the company’s margins to go down. He further said he expects around 15% growth in sales in FY12.
first published: Jul 15, 2011 03:31 pm
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