Rural growth outpaces urban demand, trend to continue for next six months: Pidilite MD
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Puri said he is “extremely optimistic” as there has clearly been an increase in construction activity, which is boosting demand. The company has recently entered the paints market and has presence in two-three states, he added. Puri said he is “extremely optimistic” as there has clearly been an increase in construction activity, which is boosting demand. The company has recently entered the paints market and has presence in two-three states, he added.
New Delhi. Bharat Puri, managing director (MD) of Indian company Pidilite Industries, said that lagging rural growth following the global pandemic has outpaced urban demand and this trend is likely to continue for the next six months due to a good monsoon. Besides, Puri said inflationary pressures have eased after two years of volatility and he now expects “stabilisation” in input prices, which will open up many opportunities to invest back in the market. Puri said he is “extremely optimistic” as there has clearly been an increase in construction activity, which is boosting demand. The company has recently entered the paints market and has presence in two-three states, he added.
The company will also expand to other markets based on consumer feedback. This is an ‘organic’ business for Pidilite, which will continue to grow. Participating in a roundtable online, Puri said that in the second quarter so far things have been affected due to rains, but overall there is no big difference between the conditions of the first and second quarters when all these things are stable. Is. The company manufactures a variety of products under several brands including Fevicol, M-Seal, Feviquick, Favistick, Roff, Dr. Fixit and Araldite.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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