India's TVS Motor sees 20 pct revenue growth 07/08

Newswire

MUMBAI, Jan 25 (Reuters) - India's TVS Motor Co. Ltd. said on Thursday that high raw-material costs hit its quarterly net profit, but said higher sales and cost savings would help boost revenue by 20 percent in the next year. The cost of raw materials rose by more than a fifth during the fiscal third quarter to Dec. 31 compared to a year earlier. "All other factors remaining constant, the increased emphasis on productivity improvement and waste elimination would boost fourth-quarter ...

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