Expect FY15 revenue growth at 12-15%: VIP

Dilip Piramal, chairman, VIP says the company is likely to see good numbers in the days to come as Q1 FY15 is seasonally a strong quarter.

Travel and marriages are the two key factors that impact VIP  sales; and 2014 looks promising owing to a high number of marriage mahurats, says company chairman Dilip Piramal.

Speaking to CNBC-TV18's Sonia Shenoy and Latha Venkatesh, Piramal says about 40 percent of the company's profits are generated in the first quarter of the year due to more number of travel tours and marriages. He expects revenue growth at 12-15 percent this fiscal.

On the possibility of a price hike, he adds that the company hikes product prices once a year, depending on the input costs. "As of now, things look steady," says Piramal.

Interview's transcript to follow soon.

VIP Industries stock price

On February 24, 2014, VIP Industries closed at Rs 64.05, down Rs 0.55, or 0.85 percent. The 52-week high of the share was Rs 73.90 and the 52-week low was Rs 38.85.

The company's trailing 12-month (TTM) EPS was at Rs 3.09 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 20.73. The latest book value of the company is Rs 18.20 per share. At current value, the price-to-book value of the company is 3.52.

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