In an interview with CNBC-TV18, Vinay Reddy, promoter at Lovable Lingerie said that high marketing expenses led to subdued June quarter earnings.
Chairman and Managing Director at Lovable Linderie, L Vinay Reddy spoke about the growth expected by the company, the affect of increasing raw material costs on their margins and their plans for FY12.
L Vinay Reddy chairman and managing director of Lovable Lingerie shares that the company that saw tremendous response from the investors is now well funded for the next two to three years.