Pidilite Industries

Pidilite Industries shares gain 4% after steady Q2FY25 results; details

Pidilite Industries shares hit an intraday of Rs 3219.25 a piece, rising 4.13 per cent on the BSE

Pidilite Industries Q2 results: Net profit rises 17.8% to Rs 540.3 crore

Pidilite Industries Ltd on Wednesday reported an increase of 17.83 per cent in consolidated net profit at Rs 540.30 crore for the second quarter ended September 30, 2024 helped by benign input prices and volume growth. The company, which manufactures adhesives, sealants and construction chemicals, had logged a profit of Rs 458.53 crore in the July-September period a year ago, the company said in a regulatory filing. Its revenue from operations was up 5.16 per cent at Rs 3,234.91 crore during the quarter under review. It was at Rs 3,076.04 crore in the corresponding quarter a year ago. Pidilite Industries' total expenses was at Rs 2,565.71 crore, up 3.26 per cent in the September quarter. Total income of Pidilite Industries, which includes other income, was up 5.93 per cent to Rs 3,292.03 crore. The current quarter's revenue growth is aided by a UVG (Underlying Volume Growth) of 8 per cent, said Pidilite Industries in its earnings statement. "Input prices remained benign, resultin

Congress vs Sebi chief Buch: Trading strategies in M&M, Pidilite, Wockhardt

After ICICI and Wockhardt; M&M, Dr.Reddy's and Pidilite are the latest company names to be dragged in the Congress versus Sebi chief controversy. Here's a technical outlook on these stocks.

Colgate, Pidilite, Britannia among Nuvama's top consumer bets; here's why

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.

ABB, Exide, Pidilite among 5 stocks testing 100-DMA support; charts here

In general stocks trading above the key moving averages such as the 20-, 50-, 100- and 200-DMAs are considered trading with a bullish bias and vice versa.

Pidilite Industries shares up 4%, hit 52-week high on strong Q1FY25 results

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

Pidilite Industries Q1FY25 results: Net profit rises 21% to Rs 567 cr

During the April-June quarter, India witnessed a booming manufacturing sector activity as output increased on robust demand

Stocks to Watch, June 18: Vodafone Idea, IndiGo, LIC, Pidilite Industries

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

Rahul Gandhi stocks outperform; Nestle, Pidilite up 1% in a falling market

At 11:49 am; Nestle India (Rs 2,385.45), Pidilite Industries (Rs 2,988.45) and Divi's Labs (Rs 4,343.80) were trading higher by up to 1% higher, as compared to a near 5% decline in the BSE Sensex.

Buy & sell ideas for May 29 from HDFC Securities: Pidilite, Hero MotoCorp

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 Q4 results: Profit after tax rises 6.44% to Rs 304 cr

Pidilite Industries, which makes adhesives, sealants and construction chemicals, has reported a 6.44 per cent rise in consolidated profit after tax to Rs 304.28 crore in the fourth quarter ended March 2024. The company posted a consolidated Profit After Tax (PAT) of Rs 285.86 crore in the same quarter last year. For the full 2023-24 fiscal, its PAT stood at Rs 1,747 crore, which was 36 per cent higher compared to a year ago. Addressing an earnings call on Wednesday, the company's Managing Director Bharat Puri shared that the full-year revenue was underpinned by distribution expansion supply chain and digital initiatives. The company's total income for the quarter under review rose to Rs 2,950.73 crore as against Rs 2,712.07 crore a year ago, according to a regulatory filing. However, its total expenses also rose to Rs 2,450.87 crore in the January-March period from Rs 2,318,09 crore in the corresponding quarter of the previous fiscal. For the full financial year 2023-24, the comp

Pidilite Industries falls over 5% after Q4 results miss street estimates

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

Pidilite, Nestle: Select stks in Rahul Gandhi's portfolio can dip up to 12%

As per an affidavit filed with the Election Commission of India, Rahul Gandhi's top stock holdings include Pidilite Industries, Bajaj Finance, Nestle, ITC, Hindustan Unilever and Tube Investments.

Pidilite sticks: Fevicol maker on a high, but sharp margin gains unlikely

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

Pidilite appoints Sudhanshu Vats as MD designate, Bharat Puri to step down

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

Optimistic about overall growth prospects, good demand ahead: Pidilite MD

Rural and semi-urban markets are growing 1.5 times faster than the urban market for Pidilite Industries, helping it register a double-digit volume growth and it sees positive demand environment in the last quarter also, says its Managing Director Bharat Puri. The company achieved a double-digit volume growth in the first three-quarters of FY24 and Puri expects to continue the momentum with a broad-based growth across categories. "We see a good demand environment, government spending on infrastructure, the housing sector and real estate is seeing an upsurge. So, overall we remain optimistic about the overall prospects of our sector," said Puri in a virtual media roundtable. Pidilite, which passed on the benefits of lower-cost prices to consumers, does not see any disruption in the supply chain from the geopolitical crisis, which is brewing in the Middle East. "Fortunately for us, most of our raw material comes from the East rather than from via the Red Sea. Right now, raw material

Pidilite to enter lending business, to acquire promoter group's NBFC firm

Adhesive and construction chemicals manufacturer Pidilite Industries plans to enter the lending business, providing small-value retail loans. To facilitate this, Pidilite Industries, would acquire an existing NBFC -- Pargro Investments, belonging to its Promoter Group, according to a regulatory update. "Pidilite Industries Ltd, intends to set up a Lending Business," the company said. Over the next two years, to build the new business, the company expects to invest up to Rs 100 crore in tranches, through an optimum mix of equity and debt. "The new business would provide credit to its domain ecosystem to support their business growth. This credit will be provided primarily in the form of small-value retail loans," said Pidilite, the makers of Fevicol, Dr Fixit, Fevikwik and M-Seal. Pargro will be acquired by Pidilite through a wholly-owned subsidiary under a Share Purchase Agreement (SPA) to be entered by March 31, 2024. "The acquisition of Pargro will be done at a fair value of up

Pidilite Industries Q2 result: Net profit jumps 35% to Rs 45 crore

Revenue from operations was up 2.15% at Rs 3,076.04 crore during the second quarter of this fiscal

GST dept imposes Rs 2.64 lakh fine on Pidilite on input tax credit issue

Pidilite Industries, a leading adhesive, waterproofing solutions and construction chemicals maker on Saturday said a fine of Rs 2.64 lakh has been imposed on the company by the GST department. The company, however, expects a favourable outcome at the appellate level. Based on the company's assessment, prevailing law and the legal advice of the external counsel, Pidilite Industries "reasonably expects" a favourable outcome after it challenges the penalty at the appellate level, the company said in a regulatory filing. "The company has received an order dated August 30, 2023, which was received by the company on September 7, 2023... from the office of the Assistant Commissioner of Central Tax, Division III, Bhosari, Pune imposing a penalty of Rs 2,64,844 under applicable provisions of the CGST Act, 2017," it said. The order has been passed with regard to disallowance of input tax credit (ITC) in the state of Maharashtra for CIPY, a company which has been merged with Pidilite Industr

Pidilite Industries posts Q1 profit rise on strong demand, easing costs

Consolidated revenue from operations rose nearly 6% to 32.75 billion rupees