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VIP Industries held a conference call on 31 October 2023 to discuss the results for the quarter ended September’23 and way forward. Ms. Radhika Piramal Executive Vice Chairperson and Ms. Neetu Kashiramka – Managing Director and Chief Financial Officer of the company addressed the call.
Highlights of the Concall
- Overall revenue growth stood 6t 8% during the quarter while volume growth stood at 10%
- The offline and online (trade channels) cumulative growth is at a 13%
- CSD revenues was impacted in the quarter due to a large scale range refreshment driven by CSD, expected to bounce back strongly going forward
- International market was impacted due to slowdown in international demand in middle east. Also supply chain in China is improved quite a lot which also impacted its international business.
- Ecommerce continues to grow at over 50% YoY
- Gross margins bounced back to 55.5% after being impacted in Q1 on...
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