Will be able to compensate higher raw material prices with higher volume: Atul Auto

Atul Auto reported a healthy set of Q1 earnings of FY18. In an interview to CNBC-TV18, Jitendra Adhia, President-Finance of Atul Auto spoke about the results and his outlook for the company.

Q1 was a bit challenging because of a lot of speculations regarding implementation of goods and services tax (GST). In terms of business also, it is a little lean quarter, he said.

Going forward, we will be able to restore FY16 margin levels in Q2 and it is likely to improve further. The numbers are expected to be better than Q1, he added.

He further mentioned that going forward we will be able to compensate higher raw material prices with higher volume.