70% of our customers earn below Rs 40,000 per month and inflation affects them: Rakesh Sharma
“Inflation erodes the purchasing power of our kind of customers, 70% of our customers earn below Rs 40,000 per month and that section is therefore weak and gets hit by inflation. So that is a little bit of a red flat on the horizon. In our judgement, the industry is still in decline of about minus 3 to minus 5%”