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Open to price hike if inflation increases, says Asian Paints CEO
short by Nakul Ahuja / on Wednesday, 17 July, 2024
Asain Paints CEO Amit Syngle has said that the company will be open to hiking prices should inflation rise further. "We are anticipating inflation of 1.5% in the upcoming quarter," he said. Syngle stated Asian Paints' prices are based on their own margins and not the prices of competitors, adding that their prices are at a premium due to elasticity.
read more at Moneycontrol