Pidilite Industries may not raise prices as raw material cost moderates

In its market outlook the company said the global operating environment in terms of inflation, currency and supply chain disruptions remain fragile and might impact margins

Pidilite Industries may not increase rates as raw material prices have started to taper but the company expects its margins to improve only from the second half of the financial year. 

The maker of Fevicol expects demand to moderate in the second quarter (July-September). This is because prices of vinyl acetate monomer (VAM) — one of its main raw materials — was at an all-time high of $2,600 per tonne in the April-June quarter. And, it will get consumed in the second quarter, Bharat Puri, managing director (MD) of Pidilite Industries told Business Standard. He also said that the company has