Key Points
Abhijit Roy, MD & CEO, Berger Paints, says if the demand holds up, there is no reason for unnecessarily trying to reduce the prices..
The second reason is that we had not been able to pass on the full price increases because the price increase was so huge that it was difficult to pass on the entire thing onto consumers at that stage, so I do not see it happening immediately..
Of course, if the prices further go down, then we will have to take a look at that...
While the El Nino impact may actually lead to a delayed monsoon which could then benefit paint demand, on the other hand it may also impact rural growth..
But if the monsoon is bad, initially we may gain but then rural demand might get impacted and that is not a good story to have..
