The currency fluctuations and new investments in Europe and America have put pressure on margins in Q4, said Ashwani Kumar Arora, Managing Director and Chief Executive Officer, LT Foods.

The company posted a weak set of fourth quarter earnings. The revenue growth was strong, but higher costs dented margins.

The year-on-year Q4FY18 revenues were up 15% at Rs 1,070.6 crore against Rs 927 crore, but operating margins were down 8.8% against 10.1%.

The year-on-year in Q4FY18 employees’ expenses rose to Rs 38.6 crore against Rs 35 crore and other expenses also went up to Rs 103.7 crore against Rs 72.7 crore.