Lux Industries is a stock on radar after the company posted a rather weak set of Q2 results. The revenue has fallen but margins have remained stable owing to lower raw material costs.
In an interview to CNBC-TV18, Saket Todi, VP of the company spoke about the results and his outlook for the company.
We saw a fall in revenue due to goods and services tax (GST) implementation, said Todi.
He further said that things have improved very well and we are on track to achieve more than 15 percent revenue this year.
Talking about business, he said winter wear contributed 12 percent to the topline in Q2 and we are planning to launch brand One8 in March-April.
Margins will be higher in brand One8 due to premium products, he added.
Todi further mentioned that the company's volume growth was 3-4 percent in first half of FY18. However, expect volume growth to be around 18-20 percent in H2 of FY18.
Watch accompanying video for more details.
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