Speaking to CNBC-TV18, Ajay Patodia of Lux Industries gave a growth guidance of 12-15 percent for fiscal year 2017 and said that the company is looking for inorganic growth and plans to foray into women‘s wear.
In an interview to CNBC-TV18, Ajay Patodia, CFO of Lux Industries spoke about the results and his outlook for the company.
Ajay Patodia, CFO of Lux Industries says the company's margins will expand from the current eight percent and it will soon start reducing its debt.