“There was a gentle rise in commodity prices throughout the spectrum, together with metal, aluminium, plastics, and valuable metals. We’ve already accelerated our financial savings programme beneath the Leap-2 umbrella, and can proceed to work on mitigating the affect, with the target to scale back the burden on the shoppers and defend our margins”, the corporate mentioned in an announcement.
Nonetheless, so as to partially offset the affect of the commodity prices, the corporate can be rising the costs of its merchandise by as much as Rs. 1500, with impact from January 1, 2021. The rise will range throughout fashions, and the precise quantum can be communicated to sellers in the end.