Crude oil prices have hit a two-and-a-half year high. In an interview to CNBC-TV18, Abhijit Roy, MD & CEO of Berger Paints India spoke about the latest happenings in the company and gave his outlook for the future.
Roy said crude impact is limited for paint companies, prices of crude derivatives increase with a lag.
He further said that about 30 percent of raw material costs get impacted by crude prices.
According to him, higher crude prices will not impact company's margin.
We have been seeing a monthly increase in rural demand since July, said Roy.
Talking about business, he said volume growth expected to be in double-digits in the second half.
He is optimistic about volume growth in FY19.
Watch accompanying video for more details.
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