Moneycontrol
Last Updated : Oct 26, 2017 12:34 PM IST | Source: CNBC-TV18

Expect revenue to grow 11-12% in FY18: V-Guard Industries

V-Guard Industries came out with a good set of Q2 numbers. In an interview to CNBC-TV18, Mithun Chittilappilly, MD of V-Guard spoke about the results and his outlook for the company.

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V-Guard Industries came out with a good set of Q2 numbers. In an interview to CNBC-TV18, Mithun Chittilappilly, MD of V-Guard spoke about the results and his outlook for the company.

On like-to-like basis, revenue grew by 21 percent in Q2 also saw double-digit volume growth in the quarter, said Chittilappilly.

He expects revenue to grow 11-12 percent in FY18 and to go up by 15 percent on like-to-like basis.

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All segments have shown operational improvement in Q2, he added.

He further added that margin improved on the back of delayed price hike and product mix.

According to him, working capital days deteriorated slightly due to goods and services tax (GST) impact.

Watch accompanying video for more details.
First Published on Oct 26, 2017 12:34 pm
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