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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