West Asia conflict could lead to increased condom prices in India, warns Mankind Pharma amid rising oil costs.
India's Mankind Pharma may raise condom prices if the Middle East conflict
drags on further and keeps oil prices elevated, its chief
executive told Reuters on Thursday.The company, which makes Manforce condoms and is the market
leader with a share of about 30%, has enough stock to last for a
few months if the war persists, CEO Sheetal Arora said, but
US-Iran war could hit Indian company profits by 200 bps
Downside risks to economy have begun materializing as continued West Asia conflict casts shadow over India's trade outlook: Crisil
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Malaysia-based Karex produces more than five billion condoms a year and supplies global brands like Durex and Trojan.
Karex produces more than 5 billion condoms annually and is a supplier to leading brands like Durex and Trojan, as well as the NHS
"We have no choice but to transfer the costs right now to the customers."
L’annuncio fatto da Karex, il più grande produttore mondiale di condom, fornitore delle ditte più note
Crisil Ratings warns that a prolonged West Asia conflict could reduce India Inc's operating margins by 200 basis points, driven…
