HomeBusiness NewsExpect 5-6% price increase in Q4; margin to remain flat: Birla Corporation

Expect 5-6% price increase in Q4; margin to remain flat: Birla Corporation

Birla Corporation expects a 5-6 percent price increase in Q4, Aditya Saraogi, chief financial officer (CFO), told CNBC-TV18. Saraogi also said that the company expects the margin to remain flat or decline.

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By Sonia Shenoy   | Nigel D'Souza  March 16, 2022, 6:10:15 PM IST (Published)

Birla Corporation expects a 5-6 percent price increase in Q4, Aditya Saraogi, chief financial officer (CFO), told CNBC-TV18. Saraogi also said that the company expects the margin to remain flat or decline.



According to him, demand is strong across India. “Demand was not so healthy in January-February, but in the month of March we have seen strong demand across the board and it’s a healthy thing that we are witnessing,” said Saraogi.

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On volumes, he said, “In this quarter (Q4FY22) we expect more than 20 percent growth in volumes sequentially. In FY23 it will be more than 15 percent since we are having a new greenfield unit also coming into operation.”

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