The Symphony stock has been on a tear of late with a 40 percent gain so far in 2021 and is just 7 percent away from its 52-week high. In an interview to CNBC-TV18, Achal Bakeri, Chairman and Managing Director (CMD) of the company, gave his outlook ahead of the upcoming summer season.

"There seems to be, not only expectations of a good summer or a summer with high temperature but also early summer. Therefore, we are seeing signs of increased interest and offtake from the channel partners,” said Bakeri.

He added, “It could be a combination of factors – the temperature and also expectations of carryforward demand from the previous year because the pandemic and the lockdown had hit us in the peak summer months of the previous year, so very little cooler sales happened and most of that sales is expected to happen this year.”

Bakeri said that serious supply chain issues been seen in the last few weeks regarding raw material.

"In the last couple of months or so, there have been serious supply chain issues, availability of raw material and of course prices gone through the roof. So, our manufacturing cost also risen sharply but because our OEMs have long-term with the raw material suppliers, we have been able to manage to keep our production going and so far we haven't faced any problem,” he said.

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(Edited by : Priyanka Rathi)