He said, “Net, net, we are still in a pretty good position when it comes to pricing overall.” This stability has given him a tactically positive outlook for the second half of the year, as demand is expected to pick up post-monsoon and during the festive season.
Patni highlighted that consolidation is benefiting larger players, who can control prices better and gradually increase market share. While he does not foresee significant price hikes in the near term, he expects profitability to improve by about ₹200 per tonne over the next two years.
He also pointed out valuation dispersion, with larger consolidators trading at higher multiples than smaller players, and emphasised the cost advantage for bigger companies, which allows them to outcompete smaller rivals.
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Patni sees the sector moving toward stronger performance despite the weak Q2 volumes.
For the entire interview, watch the accompanying video
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