Weak macros have impacted Q4 results: VIP Industries
VIP Industries has reported flat Q4 results. Profitability has moderated slightly. Dilip Piramal, chairman of VIP Industries, says that the quarter ending March has been operationally much better than the previous two quarters due to a recovery in the CSD segment. Given the difficult operating environment, Mr Piramal expects a sales growth of anywhere between 10-20 per cent for FY14. He concedes that it is a wide range, but says that everything will depend on a pick-up in the economy. He adds that the ladies handbags segment will break even in the 3rd year of operations.
