Inflation now at manageable level, expect better margins in H2: Pidilite MD

The inflation is still high compared to the past, but it has come down to a 'manageable level', Pidilite Industries Managing Director Bharat Puri has said. He also expects better margins in the second half of this fiscal. The current quarter will have some lag due to the carry forward of some of the high-priced inventory, but the fourth quarter would witness better margins, Puri said. He is optimistic about India and the home improvement sector, and Pidilite is ready for the next phase of growth with its ongoing capex programme. Puri expects the rural markets to bounce back with positive volume growth, helped by a good monsoon in the next six months. According to Puri, it will take a little bit of time but will come back. The demand is most impacted in rural and semi-urban India. "As inflation moderates and more money comes into the hands of the consumer because of the good monsoon, we do think that over the next six months, hopefully, demand should improve from there also," Puri

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