From the sidelines of CNBC-TV18's mega-event India Business Leaders Awards (IBLA), Shilpa Ranipeta caught up with Harsh Mariwala, chairman of Marico and asked him about the demand outlook, the impact of the Russia-Ukraine war and more.

He said, “You may have some low price stocks where you may make an inventory profit because of inflation, but that's temporary. Long-term there will be if the war (Russia-Ukraine) continues, an impact on the margins”

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Talking about demand, Mariwala said, “It's more to do with the state of the economy; we already had this problem of low growth rates because of COVID-19 and prior to that some other factors and now this war has come. So, it's going to be tough. I do not see a turnaround in the near future.”

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