Dilip Piramal in conversation with Anil Singhvi says VIP Industries confident of improving business, good demand in Bangladesh
Dilip Piramal said that VIP Industries result disappointed due to Covid pandemic. Q1 FY21 sales were down 94% when compared to Q1 FY21, Q2 FY21 sales were much better when compared to Q1 FY21 as sales improved from 6% in Q1 FY21 to 25% in Q2 FY21 and further improved to 55% in Q3 FY21. Q4 FY21 is expected to be better than Q3 FY21.
Piramal said the business is not as usual and has not reached pre-Covid levels as international travel business is shut and also due domestic travel concerns: Zee Business