V-Guard Lowers Margin Outlook
Mithun Chittilappilly, MD at V-Guard, talks to NDTV about the third-quarter results. Margins fell sharply in Q3FY15 on higher advertising spends and falling copper prices which led to inventory write-down. The management has reduced the margin outlook for the full year to 8 per cent from 8.5-9 per cent guided earlier.
