Demand is robust but pressure will continue in Q4 on cost side, says Bajaj Electricals

Anuj Poddar, ED of Bajaj Electricals on Tuesday said that the demand continues to remain robust. However, he believes the pressure on the cost side will remain for some more time.

“Demand continued to be robust since the last couple of quarters and I think Q3 has been no exception. Q3 had two festive months which were October and November, and we were expecting a sharp dip after Diwali, but the industry continued to hold out well enough post-Diwali right through till December. But the supply side and the cost pressures have reared themselves again. Therefore that has been the new challenge,” he said in an interview with CNBC-TV18.

Poddar added that the commodity price rise will have to be passed on and Bajaj Electricals has taken a price hike in the last few months.