Margin improvement will start from H2; holding on to guidance of 15% for FY25: VIP Industries MD

economictimes.indiatimes.com:

Neetu Kashiramka, MD, VIP Industries, says that while this year the margin will be 15%, next year, it is going to be 18%. A 2-3% improvement in gross margin and a lot will happen to reduce overheads which are quite high now. All the work will start to show results starting H2 of this year.

What are the demand trends looking like given that there were lesser wedding dates during the quarter? Has that really impacted your numbers and would it really impact your outlook for FY25?
Neetu Kashiramka: Overall for FY25, our outlook is 1-2% better than industry growth and industry is expected to grow around 12%. But yes, the first quarter where the wedding dates are less, it might be slightly slower. But it should recover in Q3 because a lot of wedding dates are scheduled to happen in the Q3 of this year.

Unlock Leadership Excellence with a Range of CXO Courses

In the quarter gone by, one has seen both your profits and margins come in a little lower than what the street was anticipating. Why is that so and would you say that the past quarter was perhaps the worst of the financial year and y will now only see improvement?
Neetu Kashiramka: Yes, I would say that. One good thing which has happened in Q4 is that our revenue has started to grow in double digits. We have gained 2% market share in Q4 and margins, yes, as said earlier also, we