The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Avi Mehta - Macquarie Research - Analyst
: I just had a few questions. First, if you could update us on the pricing. Last quarter, I remember you had said that we have passed on 70% of the
inflation. Could you help us, how much is passed on? Or if possible, a VAM price number of how much cost has been passed on?
Question: Avi Mehta - Macquarie Research - Analyst
: Sir, if I may just kind of push this a little further. So what you kind of said is that input -- we expect the input cost to moderate from end fourth
quarter, first quarter, start first quarter. So would it be fair to argue that gross margins have bottomed out now and should kind of start expanding
in Jan while demand remains the question? Is that what is the way to read that comment?
Question: Avi Mehta - Macquarie Research - Analyst
: Perfect. Perfect. That's clear. The last bit, I just wanted to kind of get your comment on this crude. I mean, does that in any way you think have a
risk? Or is there a supply chain, because of that, that prices move up anyway too high. So you are not so concerned about crude price rising to
about $90 now?
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JANUARY 27, 2022 / 10:30AM, PIDI.NS - Q3 2022 Pidilite Industries Ltd Earnings Call
Question: Avi Mehta - Macquarie Research - Analyst
: No, no, no. Sorry, not the rising crude. At current price, so at $90, $100, you were still okay, right? I mean, obviously...
Question: Avi Mehta - Macquarie Research - Analyst
: Okay. And just a bookkeeping, sir, could you repeat the VAM pricing? I kind of missed that. So what was the third quarter's impact? This is the last
piece.
Question: Avi Mehta - Macquarie Research - Analyst
: $2,000. And our consumption was around $2,000 (inaudible) right? And current prices at around?
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