V-Guard Industries Limited, India’s leading consumer electrical and electronics company, announced the unaudited financial results for the quarter ended December 31, 2019.
Q3 FY 20 highlights:
Business Outlook:
Commenting on the company’s performance, Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said “Slowness in consumer demand continued during Q3 FY 20, which impacted our overall top-line growth. Under these circumstances, we are making good progress in the non-South markets and new categories. Margin and working capital management remained robust. We are hopeful that we will be able to get back to higher growths in the coming quarters, once the macroeconomic conditions improve”
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