Pidilite Industries Limited CC-Jun24.pdf · 2024-08-08
Congratulations on the good set of numbers. Sir, my question pertains more to our capex and capacity utilization. So, on a longer duration if we see over the last 5 years, we have done almost INR 2,000-odd crores worth of capex versus the INR 1,000 crores in the previous 5 years stood at, that is FY'15 to '19 versus FY'20 to FY'25. So we've seen that the asset turnover has started to come down. So I would like to understand from you, has the nature of capex changed or what would be the normalized level of asset turnover that we are looking?
Okay. So has the nature of capex changed such that we will not be going back to the earlier asset points? And this will be the new normal? Is that true?