Toluene Diisocyanate (TDI), a chemical used for foam manufacturing has seen its price double post September - from Rs 150 per kg to close to Rs 280 per kg. In FY16, TDI cost was over 11% of the company''s sales.
Recent they did hike MRP to pass this cost however cash crush with demonetisation will have adverse effect
I am not applying I like the company however demonetisation will have adverse effect both on top line and bottom line.