Low raw material cost, low Chemical prices like Phenol and Methanol, which having significant share of raw materials input cost for making high pressure decorative laminates, have been a great support for the industry. The organized brands and big volume players reflected improved profit in 2nd quarter of the ongoing financial year, where as Weak and Struggling industries too found a life support due to less prices thanks to weak global demand for commodities and chemicals. During this period Greenlam Industries reported a total revenue of Rs. 327 crores, which was Rs. 275 cr in previous quarter.
Read more:- https://www.plyreporter.com/article/61242/low-rmc-help-big-players-to-gain-profit
