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Kochi-based consumer electrical and electronics manufacturer V-Guard is planning to exit from the business-to-business (B2B) segment to focus on its core module- the business-to-consumer (B2C) segment, while targeting around 15 per cent growth every year in the next few years.
Mumbai: Companies from Marico Ltd. to V-Guard Industries Ltd. see sales remaining weak for a few months after India introduced nationwide goods and services tax (GST) disrupting supplies and prompting stores to focus on cutting inventories.
GST implementation has impacted V-Guard Industries’ performance in the first quarter of the current fiscal, with flat revenues and decline in margins.
V-Guard Industries has rallied over 60 percent this year. In an interview to CNBC-TV18, Mithun Chittilappilly, MD of V-Guard Industries spoke about the latest happenings in his company and sector as well as about goods and services tax (GST) impact on the company.
V-Guard Industries was down 3.75% to Rs 196.40 at 9:50 IST on BSE after net profit fell -0.3% to Rs 41.86 crore on 21.4% growth in net sales to Rs 623.26 crore in Q4 March 2017 over Q4 March 2016.
Shares of sixteen companies will enter the futures & options segment on Friday. The shares are Balkrishna Industries, Bajaj Finserv, Balrampur Chini Mills, Berger Paints, CanFin Homes, Cholamandalam Investment & Finance Company, Fortis Healthcare, Godfrey Phillips, Gujarat State Fertilizers and Chemicals, Mangalore Refinery & Petrochemicals, Mahanagar Gas, Multi Commodity Exchange of India, NBCC (I), Nestle India, Raymond and V-Guard Industries.
The NSE is introducing shares of 16 companies for trading in the futures & options segment from April 28.
V-Guard Industries, a consumer electrical and electronics company, which makes water heaters and voltage stabilisers, has launched an inverter which can be operated through a mobile smartphone.
V-Guard Industries (VGIL) was started in 1977 by Kochouseph Chittilappily to manufacture and market Voltage Stabilizers under the brand name V-Guard. VGIL emerged as a leading player in the stabilizer segment and became a household brand.
Suven Life Sciences on Tuesday said it has secured a product patent in New Zealand for treatment of disorders associated with neurodegenerative diseases. The patent is valid up to 2033, the company said in a press release. The patent is for the class of selective “5HT4” compounds used in the treatment of disorders, such as Alzheimer’s, Huntington’s, and Parkinson’s diseases, among others. With this patent, Suven Life now has a total of 26 granted patents from New Zealand.
Consumer electrical and electronics player V-Guard Industries has received in-principle approval from its board to acquire a majority stake in Guts Electromech Ltd.
Consumer electrical and electronics player V-Guard Industries today said it has received in-principle approval from its board to acquire a majority stake in Guts Electromech Ltd.