New Delhi, March 19 -- The impact of the ongoing West Asia crisis is beginning to reflect across industries, with home decor products such as ceramic tiles becoming more expensive due to rising gas costs, according to a report by Nuvama Institutional Equities.
The report noted that disruptions in gas and propane supplies from Qatar have significantly affected tile manufacturers, squeezing their margins and increasing production costs.
According to the report, most manufacturers have already implemented a price hike of around 5 per cent on existing inventory.
It stated "Most manufacturers have implemented a apprx. 5 per cent price hike on existing inventory, with a further 10-20 per cent increase under consideration amid volatile gas pr...
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