Expect some price increase as demand picks up post monsoon: Orient Cement

Orient Cement reported a sharp rise in operating profit for the quarter ended September.

Deepak Khetrapal, MD & CEO of the company told CNBC-TV18 that he expected some price increase as demand picked up post monsoon.

“The rainfall which was caused by the depression in Bay of Bengal, which impacted the entire Andhra Pradesh, Telangana and North Karnataka, right all the way up to Pune and even Mumbai for a day, has been a bit of a dampener. However, given the demand supply economics, as the demand grows we should expect there should be room for us to increase the prices especially to pass on the increase in price cuts coming in,” he said.

Khetrapal added that Q2 was a good quarter but the only sore spot has been the volumes which were impacted due to excessive rainfall. However, he said that they hoped to end the year with a total volume ballpark of about 5 million tonne.