ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Diversification by Acquisition

Diversification by Acquisition Kumaran Pola VXL INDIA recorded a 48 per cent increase in sales on annualised basis during the 15-month period ended March 1990, from Rs 153.80 crore during the 18-month preceding period to Rs 189.29 crore. Raw material cost spurted at a higher annualised rate of 66 per cent. There were increases in other costs too. As a result, the expenses-to-sales ratio worsened from Operating profits showed a lower growth

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