Q1 margins healthy; stick to 15% FY16 target: Vadilal

Vadilal Industries reported a robust set of quarterly earnings with margins rising (from 18.2 percent to 22.8 percent) thanks to softening input prices.In an interview with CNBC-TV18's Reema Tendulkar and Mangalam Maloo, Vadilal MD Rajesh Gandhi, however, said the company's relatively-weak top line growth (9 percent year-on-year, as opposed to a full year target of 15 percent) was because of erratic monsoons.But he did not lower the company's topline guidance expecting a pickup ahead.Watch video for the full interview.