Dilip G Piramal, Chairman,VIP Industries is confident of maintaining margins at current levels and expects margins to improve on back of volume growth.
The company had raised prices in April and August. It might undertake another price hike in October after assessing the current situation.
VIP Industries' net sales were up 8 percent at Rs 327 crore against Rs 303 crore year-on-year. Also, its net profit was down 2.1 percent at Rs 23.0 crore versus Rs 23.5 crore Y-o-Y.
Dilip G Piramal, chairman, VIP Industries says the canteen store department (CSD) sales have normalised now and will grow by 11-12 percent in FY14.
VIP Industries, one of the biggest luggage makers had recently launched new product in its line up. Generally, April-May-June quarter is the most important quarter for the company.