Condom manufacturers are facing immense pressure as the war disrupts the global supply of petrochemicals, a key raw material. India, which produces nearly 4 billion units of condoms annually-a massive ₹8,000 crore industry-is now witnessing a sharp spike in production costs.

Crucial components like silicone oil, used as a lubricant, and ammonia, necessary for maintaining latex quality, have seen a severe supply crunch. The price of ammonia is expected to surge by 40-50%. Additionally, the rising cost of aluminum foil used for packaging is further burdening companies like Mankind Pharma, Cupid, and HLL Lifecare. Consequently, Mankind Pharma’s shares have already dipped by 7% over the last month. With reports suggesting a potential 35% reduction in raw material availability, consumers are likely to face a significant hike in condom prices and limited availability in the near future.