Pidilite

According to Nielsen, the consumer sector grew 4% Y-o-Y in Q1FY25, down from 6.6% in Q4FY24. Pricing saw a marginal increase of approximately 0.2 per cent, while volumes rose 3.8% Y-o-Y.

The northward move in the company's share is attributed to its strong financial results for the first quarter of FY25, reported on Wednesday, August 7, 2024

Asia-Pacific markets were buzzing ahead of the Reserve Bank of Australia's rate decision

Pidilite stock price has broken out from the downward sloping trend line on the weekly chart. Stock has surpassed the previous swing high resistance

Pidilite Industries' revenue from operations surged nearly 8 per cent to Rs 2,901.9 crore, as against Rs 2,689 crore in the same quarter a year ago

United Breweries announced a more than five-fold increase in net profit to Rs 80.15 crore for the January-March period of 2023-24 compared to the same period last year

High stock valuation is another hurdle for the manufacturer of adhesives and construction chemicals

Leading adhesive and construction chemicals manufacturer Pidilite Industries on Thursday announced the appointment of Sudhanshu Vats as Managing Director designate. Incumbent Bharat Puri will step down in April next year after the completion of his tenure as Managing Director, according to a statement from Pidilite Industries. The board of Pidilite -- maker of Fevicol, Dr Fixit, Fevikwik and M-Seal -- at its meeting held on Thursday approved the appointment of Vats as Managing Director Designate, who is currently Deputy Managing Director of Pidilite Industries. Besides, its board also approved the appointment of Kavinder Singh as Executive Director and Joint Managing Director designate. "They will take charge as Managing Director and Joint Managing Director from April 2025, after the completion of the term of the current Managing Director, Bharat Puri," it said. Singh joins Pidilite Industries from Mahindra Holidays and Resorts India Ltd (MHRIL), where he is currently the Managin

Consolidated net profit rose to 5.10 billion rupees ($61 million) in the October-December period from 3.04 billion rupees a year earlier, the maker of Fevicol brand of adhesive said

Rural growth, which was lagging after the pandemic, has outpaced urban demand and this trend is likely to continue over the next six months led by a good monsoon, Pidilite Industries Managing Director Bharat Puri said. Moreover, as the inflationary pressure cools down after two years of volatility, Puri said now he sees 'stability' in input prices, which is providing him with a lot more elbow room to invest back into the marketplace. Puri says he is "increasingly optimistic" as he looks forward as there is clearly increased construction activity, leading to good demand. The company, which recently entered into the Paints market and has a presence in 2-3 states, would expand further to other markets based on consumer responses. It is an organic business for Pidilite, which will grow steadily, he added. When asked about the current quarter (July-September), Puri said there has been disruption at some places due to rains. "Q2 up to now has been a very unnatural quarter simply because

Pidilite Industries is "cautiously optimist" and expects a better margin with a volume-driven growth in FY24, helped by a comeback of rural and semi-urban demand and increased activities in the real estate sector, said its Managing Director Bharat Puri. Leading adhesive, waterproofing solutions and construction chemicals company said now the inflation has come to a "manageable level" though it has not come back to pre-Covid levels. Besides, the company which recently announced foraying into the decorative paints segment, said it has a long-term perspective for it and would utilise its existing sales network. Pidilite is already present in the coatings business. When asked about FY24, Puri told PTI: "From a margin perspective, FY24 will definitely be better than FY23, barring any black swan events or something new happening in the world." Pidilite, which owns adhesives brands such as Fevicol, FeviKwik, M-Seal and Dr Fixit, has already consumed the raw material which was earlier sour

Pidilite, known for its synthetic resin adhesive Fevicol and waterproofing product Dr. Fixit, reported a 4.7% rise in cost of raw materials

Biocon, Gland Pharma, Mphasis and Bandhan Bank may move out, says note by Nuvama Alternative & Quantitative Research

Upsides from current levels may be capped due to higher valuations

The adhesive maker's inclusion to be ad hoc; analysts divided over treatment around HDFC's removal

In its market outlook the company said the global operating environment in terms of inflation, currency and supply chain disruptions remain fragile and might impact margins

BuildNext, a Kochi based tech-enabled home builder has raised 3.5 million dollars in a 'pre-series A' funding led by Pidilite Industries'. BuildNext has also secured funding from existing investors Konglo Ventures and FatEngine among others. The company, in a release said, it aims to use the capital from the latest round of funding to further expand its R&D capabilities and upgrade its Virtual Reality technology experience centres. It also plans to expand into new markets Bengaluru, Chennai and Coimbatore while strengthening its foothold in its existing ones. "We are excited to have Pidilite as one of our key investors. Our aim is to use our custom technology platform to drive transparency and overcome inefficiencies in the entire process of constructing and designing a house. We have made significant progress in research about designing and building better homes," Gopi Krishnan, Co-founder and CEO,of BuildNext said. Krishnan said the company has developed objective parameters to

The company posted a 40 per cent YoY growth in revenues at Rs2,626 crore

Further rise in raw material prices could impact near term margins

The overall trend in paints stocks is still bullish with mild profit-booking.