AkzoNobel India, the owner of the brand Dulux, delivered a good set of Q3 results in a weak environment. In an interview to CNBC-TV18, Rajiv Rajgopal, managing director of the company, spoke at length about how the demand is shaping up and what the company is expecting in the coming quarters.
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Speaking about growth, he said, “The raw material prices have been going up to an extent of about 8-10 percent. As of now we have not taken any price increases. In 2019 we had taken a price increase ahead of the industry."
He said at this point the company is focused on making sure that it deliver the growth agenda and that is the strategy for the next 3 years.
Rajgopal said paints and some of our businesses like powder quoting and packaging quoting had a very high double-digit growth.
"However, protective quoting which is primarily serving the oil and gas, power and wind turbine industry had a bit of a headwind. We are seeing some traction slowly come back on it, but I do think it will take a quarter or two for it to fully come back,” said Rajgopal.
For full management interview, watch the video