Shubham Aggarwal · Axis Capital
partialConfirm inventory loss of INR 20 crore and PVC loss timing.
So in fact, PVC was some gain in the beginning, but because what happened that in the last month of September, everyone has to give the price protection to the market... So whatever some gain we get, that was wiped out because of this, protection which we have given to the market. Otherwise, there was a slight gain in the beginning of 2 months. So now this gain, loss is purely because of the CPVC.
Shubham Aggarwal · Axis Capital
directWill government CapEx slowdown due to elections affect growth?
So I don't think it is going to affect too much because of the election. The reason is very simple, that our company's dependency on government project is very, very thin. Except, Rex product... we have converted sizable business of Rex also into the private projects.
Vineet Shah · Shah Group
directIs 85% capacity utilization achievable given high volume growth?
Yeah, 85% is possible, if because more and more utilization will increase, the same machine will manufacture the same dia pipes. So naturally, 85% we can reach that.
Vineet Shah · Shah Group
directIs CapEx guidance revised given INR 300 crore already spent in H1?
So, CapEx will increase to the tune of INR 75 crore additional because there is a land which we acquired for the corporate house... So that is the additional CapEx, which was not originally planned.
Keshav Lahoti · HDFC Securities
directHow has channel reacted to sharp PVC price cut? Any destocking?
Right now, I think PVC has mostly bottomed out. So the price drop that came, it came very rapidly... channel, is still buying, you know, there is no destocking as such.
Keshav Lahoti · HDFC Securities
declinedWhat was the volume growth in adhesive segment?
Adhesive, very difficult to give a volume number, because there we are selling different chemistries. Some are solid, some are liquid... So very, very difficult to quantify the volume number for that.
Keshav Lahoti · HDFC Securities
directWhat was the CPVC price correction in Q2?
I think we have dropped closely about 7%-8% in the market.
Praveen Sahay · Prabhudas Lilladher
directWhat is the reason for CPVC price reduction and outlook?
The base raw material for CPVC is PVC. Now, PVC, if it is bottoming out internationally at a $750 level, then one cannot expect CPVC to hover at $2-$2.1 levels. No, that much delta should not be there.
Praveen Sahay · Prabhudas Lilladher
evasiveWhat is the current CPVC resin price?
It varies from company to company, because multiple companies are there. Every company's price is different.
Praveen Sahay · Prabhudas Lilladher
evasiveWhat is the capacity utilization level for adhesives?
At present, the utilization is good, but not... We can even increase it to a good level. But with the hedge coming in, we'll have a good capacity and the utilization will obviously go down.
Praveen Sahay · Prabhudas Lilladher
evasiveWhat is the bathware revenue mix and geographical spread?
So right now, geographical color is very difficult to give because we are now selling to almost all the states... premium product category will not sell automatically.
Akash Shah · UTI Mutual Fund
directWhat was the reason for 44% YoY growth in other expenses?
So what happened that in many time, the event which we have worked out for the promotional activity or maybe a branding activity... So because of that, the branding costs and the promotional activity goes high.
