Pidilite Industries Ltd Q4 2023 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 follow up on the last question. Basically, how do you see the interplay between volume growth and realization growth moderation playing out in FY '24 as you see the input cost moderation, does volumes kind of easily offset this, if you could share your thoughts on that, please?

Question: Avi Mehta - Macquarie Research - Analyst : And sir, does the penetration opportunity kind of change or I mean, penetration pickup, is that or is the competition something that want to be concerned? I'm just trying to better (inaudible) last quarter call, you said not seriously worried about pricing-based competition coming back, but does that in any way help volumes? How do you see that? And how is that traditionally panned out in the earlier years?

Question: Avi Mehta - Macquarie Research - Analyst : Okay, sir. Clear then. Got it, sir. Just second bookkeeping. When you look at the normal range of margins of 20% to 24%, would it be fair to say that should kind of pan out just there's no other headwind as we go into first quarter and should start in the initial part of the year itself? Or will it take some time to reach that in, sir?