Pidilite Industries’ (PIDI) fourth quarter ended in the financial year 2020 saw a revenue decline of 6% since last year as volumes slipped 3% in the domestic consumer & bazaar (CBP) segment.
Gain some, lose some
The demand to boycott Chinese products grows but for Chinese companies, it is business as usual. China's grip over India's supply chain continues to remain tight and the situation is not changing soon. However, India could find solace from the fact that its rural market is now throwing the signs of economic revival.