Pidilite Industries Ltd Q1 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Avi Mehta - Macquarie Research - Analyst : Can you -- am I audible?

Question: Avi Mehta - Macquarie Research - Analyst : Sir, I just wanted to understand the comment a bit of near term challenging situation, because it seems you've indicated that demand is positive, clearly, from the performance. Input costs are also moderating. So would love to hear why you have shared a challenging situation for the new term? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 11, 2022 / 10:00AM, PIDI.NS - Q1 2023 Pidilite Industries Ltd Earnings Call

Question: Avi Mehta - Macquarie Research - Analyst : Yes, sir. Perfectly, yes. Sir, just on -- the follow-up essentially was essentially on the margin. Is the understanding correct that the price hikes also will start to flow through a lot more in 2Q? And hence, from a margin perspective, logically, gross margin should slowly start to improve as we go forward? Or would you expect 2Q to kind of see -- what I was trying to get to is, it does seem like 1Q is probably the bottom in terms of gross margins. But would love to know...

Question: Avi Mehta - Macquarie Research - Analyst : Okay, sir. Got it. And sir, second bit I wanted to kind of just understand. On the last call, you had indicated a focus on innovation that you would like to start to build in. So is there any update in terms of the initiatives that you had planned in terms of distribution and new product launches?