On a standalone basis, its revenue grew by 36% year-on-year (y-o-y) with underlying sales volume and mix growth of 25%. This was driven by 25% growth in sales volume and mix of key consumer & bazaar (C&B) and 20% growth in sales volume and mix of B2B, the management said. The business witnessed much improved consumer demand environment due to accelerated vaccinations, reduced Covid infections and increased mobility. Going forward, the Pidilite management remains cautiously optimistic on continuing robust demand conditions. While an improving demand environment does provide comfort, the cost inflation battle is yet to be won.

Source: Mint November 11, 2021 11:56 UTC