Share of GVT in product portfolio rises to 22% in Q1FY20 Somany's sales volumes grew 8.0% YoY to 11.9 MSM despite several operational challenges faced by the company in Q1FY20: a) lower inventory offtake at dealers' level due to lower end-user demand amid liquidity squeeze in the economy; b) stricter credit control measures by the company that further impacted sales (| 25-30 crore impact); c) two JVs were shut in May, 2019 for refurbishment. The effect of all these trickled down to the overall operating performance of Somany that reported ~80% utilisation in...