"The quarter started amid an uncertain and unpredictable operating environment with the proliferation of Covid-19 pandemic leading to multiple lockdowns across markets," said Chairman Ravi Jaipuria.
With this period being a key season for our product portfolio, the operating constraints severely impacted organic volumes and the overall performance throughout the second quarter, he said in a statement.
"On a brighter note, as the unlock phase started, we witnessed a steady uptick in demand on a month-on-month basis and accordingly we resumed operations at various facilities," said Jaipuria.
"The company has also been able to steadily ramp-up operations across facilities and gradually reverting to near-normal business in the current months."
In line with the guidelines of dividend policy, the board of directors has recommended an interim dividend of Rs 2.50 per share. The total cash outflow will be Rs 722 crore.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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