Pidilite Industries Ltd Q4 2022 Earnings Call Transcript

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

Question: Avi Mehta - Macquarie Research - Analyst : I just wanted to understand, you highlighted that from a medium term or even if I kind of look at beyond the quarter, demand environment has been relatively good. And the fact that pressures are primarily in core, in that sense, would you argue that the gross margin has probably bottomed out, something that you had kind of highlighted that it will bottom out in Jan/Feb in the last conference call as well? Or do you see some more near-term pay?

Question: Avi Mehta - Macquarie Research - Analyst : Okay. Perfect. So I mean -- and the commentary vice versa on margins as well, right? That is the right way to read it then? Will we not reach the normalized levels, but it will take some probably 3, 6 months is what I hear you, but...

Question: Avi Mehta - Macquarie Research - Analyst : Your range. Okay. Actually, what the range that you see for EBITDA range? Could you repeat? I mean, just for the benefit of everyone. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 19, 2022 / 10:30AM, PIDI.NS - Q4 2022 Pidilite Industries Ltd Earnings Call

Question: Avi Mehta - Macquarie Research - Analyst : Okay, clear, very clear. And just the last question is essentially from a more medium-term perspective. If you were to rank categories in the pioneer segment, which one would you say would be the most likely to hit growth say, 5 years or 3 years down the line, which one would you call it out as?

Question: Avi Mehta - Macquarie Research - Analyst : Okay. Perfect. Perfect. And that -- is there the concern, I mean, were you essentially arguing that the volume trajectory is something that you would still maintain commodity -- commoditized players are not going to be a concern as yet is what...