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VIP Industries held a conference call on 03 August 2023 to discuss the results for the quarter ended June'23 and way forward. Mr. Anindya Dutta- Managing Director and Ms. Neetu Kashiramka – Executive director and CFO of the company addressed the call.
Highlights of the Concall
- Overall revenue growth at 8% during the quarter. However underlying revenue growth, excluding a one-time Institutional order in the base quarter (Q1FY23) is 12%
- Volume growth stood at 10.5%
- The offline and online (trade channels) cumulative growth is at a healthy 17%
- CSD revenues was impacted exceptionally in the quarter due to a large scale range refreshment driven by CSD, expected to bounce back strongly going forward
- Gross margins impacted sequentially mainly on account of hampered production at its Bangladesh facility and unfavorable brand & channel mix.
- General trade formed 27% of total revenues in Q1FY24 (28% in Q1FY23...
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