Pidilite Industries dips 3%, hits six-month low on disappointing Q3 results

Ebitda remained under pressure due to higher input costs and impact of currency depreciation, the company said

Shares of Pidilite Industries hit six-month low of Rs 2,300, falling 3.5 per cent on the BSE in Wednesday's intra-day trade, after the company reported 14.3 per cent year-on-year (YoY) decline in consolidated profit after tax (PAT) at Rs 308 crore, due to higher raw material and interest cost.

The stock of one of the leading manufacturer of adhesives, sealants and construction chemicals company was trading at its lowest level since July 27, 2022. In the past one week, it has declined 8 per cent, as compared to 1 per cent fall in the S&P BSE Sensex.

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