The long-term thesis is intact and investors should use the subdued sentiment to gradually accumulate the stock for the long-term
Safari has become a serious challenger in the past few years especially in the value segment with its aggressive growth strategy.
In an interview with CNBC-TV18, Dilip G Piramal, Chairman of VIP Industries spoke about the results and his outlook for the company.
The company reported extremely encouraging quarterly numbers with expansion in gross margin (benefitting mainly from rupee appreciation), pick up in volume that also supported a surge in operating margin leading to 68.5% growth in after-tax profit.
The VIP Industries stock has had a dream run this year with an over 150 percent gain so far this year and they have posted a good set of earnings in Q2 as well. In an interview to CNBC-TV18, Dilip G Piramal, Chairman, VIP Industries spoke about the results and his outlook for the company.
VIP Industries is in focus after the company posted a good set of Q1 earnings. In an interview to CNBC-TV18, Dilip G Piramal, Chairman of the company spoke about the results and his outlook for the company.
The GST rate is a bit of a near-term dampener, but the company is taking the right initiatives to stay competitive.
In an interview to CNBC-TV18, Dilip G Piramal, Chairman of VIP Industries spoke about the results and the latest happenings on the goods and services tax (GST) front.
Speaking to CNBC-TV18 after VIP Industries announced its Q2 results for this fiscal year, Dilip G Piramal its Chairman said that their overall market position is very good. â€œWe are gaining our market share and we are confident.â€
"Our margin growth is good and that is giving us a good satisfaction", Dilip G Piramal, Chairman of VIP Industries told CNBC-TV18. Due to lack of institutional order, the company will revise its growth forecast downwards to 10 percent from 15 percent, he added.
Fourth quarter revenues, which grew at near 12 percent, were aided by a 2-3 percent rice in prices and by an increase in volumes, says the company‘s Dilip G Piramal, Chairman of VIP Industries.
Dilip G Piramal, Chairman of VIP Industries, says the company has gained market share in recent times on the back of growing demand in air travel.
The company will now focus on consolidating its current brand portfolio and increase its ad spends to build all the big brands, says Dilip G Piramal, chairman of VIP Industries.
Dilip G Piramal, Chairman, VIP Industries is hopeful of clocking a 15 percent topline growth in FY16. The company has received a big institutional order of Rs 50 crore from CSD segment.
VIP Industries' third quarter net profit fell 15.3 percent year-on-year to Rs 8.5 crore, impacted by weak operational performance. However, the fall in bottomline was restricted by exceptional gain of Rs 6 crore.
Net profit of the company jumped to Rs 10.10 crore in Q3FY14 from Rs 3.5 crore, reported in the same period last fiscal.
Dilip G Piramal, Chairman,VIP Industries is confident of maintaining margins at current levels and expects margins to improve on back of volume growth.
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.
Sharmila Joshi of Peerless Securities is of the opinion that Q4 numbers by TTK Prestige are a hit and those of VIP Industries and Volatas are a miss.
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.
Dilip G Piramal, chairman of VIP Industries told CNBC-TV18 that company‘s business is going through a tough phase now due to slowdown in the Indian economy.
Currently holding a share of 57% in domestic markets, VIP Industries sees some pick up in the domestic manufacturing segment. In an interview with CNBC-TV18, Dilip G Piramal, Chairman, VIP Industries expect topline growth of 15% for FY13.
Luggage maker VIP Industries reported a net profit of Rs 10.9 crore in Q2FY12 against Rs 12.6 crore year-on-year (Y-o-Y). Dilip G Piramal, chairman, VIP Industries expects sales to be lower on the back of sluggish international sales.
Dilip G Piramal, Chairman, VIP Industries in an interview to CNBC-TV18 said, growth in first quarter was low because of larger base and slowdown in international sales.