Pidilite signals further price hike as West Asia war fuels input inflation

Adhesives and construction chemicals maker Pidilite Industries is considering another round of price hike due to inflation in raw materials from the ongoing geopolitical tensions in West Asia, the company's Managing Director, Sudhanshu Vats, said. The company, which owns popular brands such as Fevicol, Dr Fixit, FeviKwik and M-Seal, had announced a price hike in April, followed by a second round in May. The company's raw material basket, which is closely linked to crude derivatives, has seen a weighted-average increase of around 40-50 per cent due to geopolitical tensions in West Asia, Vats said. "The West Asia crisis, like for many other businesses, has had an impact on our business as well. It came towards the end of the quarter. So therefore, we were able to manage a bit of it, and I think it did not reflect in the numbers, but I think moving forward, our raw material prices have gone up indeed," said Vats in a post-earnings briefing. In line with its philosophy, Pidilite will l

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