Manish Sanghi, managing director of Everest Industries, said that while the July sales have come back to the normal levels, the company was still seeing products getting delayed due to the labour-related concerns.
Everest Industries surged in trade on Thursday on the back of its mixed Q1 results. Both profits and revenues declined but margins improved.
Sanghi said that April was a washout for the company, however, price increase helped improve margins.
"Costs have dropped leading margins to improve and costs related to labour, travelling, credit cost are seen going down," he added.
Sanghi expects the rural demand to remain strong.