Q2 2021 Pidilite Industries Ltd Earnings Call Hosted by Axis Capital Ltd Transcript

Nov 06, 2020 / 10:30AM GMT

Release Date Price: ₹797.78 (+0.39%)

Transcript

Anand Kumar Shaha

Axis Capital Limited, Research Division - SVP of Consumer

So thanks, Faizan. Good afternoon, everyone. And on behalf of Axis Capital, I welcome you all to the Pidilite Industries Q2 FY '21 Earnings Conference Call.

We have with us the senior management of the company represented by Mr. Bharat Puri, Managing Director; Mr. Apurva Parekh, Executive Director; and Mr. Pradip Menon, CFO.

So with this, I would just like to hand over the call to the management for opening remarks. Thanks, and over to you.

Pradip Kumar Menon

Pidilite Industries Limited - CFO

Good afternoon, everyone. Thank you, Anand. I'll begin with a summary of the business and financial performance for the quarter and half year ended 30th September 2020 for the stand-alone business. There has been sequential improvement in demand conditions during the quarter. Rural and semi-urban areas recorded double-digit growth. Performance in metros, while improving sequentially, have still to reach pre-COVID levels.

Overall, Consumer and Bazaar segment returned

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