“The accumulated profits of Q1 are likely to help tide over the current quarter where margins have turned to basically almost nominal levels. Blended retail margins versus almost Rs 8.5 plus that they made on a blended basis in the first quarter. I would think that the OMCs would want to hold off on trying to pass on any of these price increases as much as is possible because there are legitimate inflationary concerns.”
| Subscribe To Our Free Newsletter |
