During the period under review, its revenue from operations after incorporating changes in accounting treatment of indirect tax was at Rs 712.48 crore as compared to Rs 625.34 crore in the year-ago period.
"After a challenging Q1 faced with GST apprehensions resulting in substantial wholesale destocking, in the second quarter, we have recovered significantly. Both topline and bottomline have registered handsome growth at around 14 per cent and 49 per cent respectively," said company's Director Mohan Goenka.
Post GST, the wholesale channels are yet to recover completely from the impact, which the firm expects to improve in the second half of the year, he said, adding that international business is also back on track riding on the base effect of last year's performance.
"The SAARC regions and Africa did particularly well," he added.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.