Page 2 - Pidilite Industries

Pidilite to manufacture Litokol and Tenax products from Italy in India

Litokol SPA Italy and Tenax SPA Italy have transferred technology to Pidilite as part of the joint venture

More than skin-deep: Nifty Next 50 complexion to get a shade of difference

Removal of non-F&O stocks could lead to addition/subtraction of 11 stocks, triggering a Rs 5,000-crore churn

Corporate giants foray into paints biz to cash in on growing demand

According to Indian Paints Association, the paints and coating sector in the country is expected to touch Rs one trillion in next five years, from Rs 62,000 cr currently

Pidilite expects better margin and volume-driven growth in FY24: MD Puri

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 Industries eyes better margins from Q1FY24 amid revival in demand

Pidilite's volume growth stood at 7 per cent during the quarter

Pidilite Industries Q4 results: Net profit rises 11% to Rs 283 crore

The company's board of directors recommended a dividend of Rs 11 per share

Here's why Vinay Rajani is bullish on Pidilite Industries, Delhivery

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Pidilite Industries and Delhivery

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

Pidilite posts surprise fall in Q3 net on higher input costs, weak demand

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

Pidilite may miss out on Nifty 50 inclusion post index rebalancing

The stock was widely expected to get added to the index, but does not have enough free float market cap to dislodge BPCL

Easing material costs to aid Pidilite margins, near-term pressures weigh

Upsides from current levels may be capped due to higher valuations

Inflation now at manageable level, expect better margins in H2: Pidilite MD

The inflation is still high compared to the past, but it has come down to a 'manageable level', Pidilite Industries Managing Director Bharat Puri has said. He also expects better margins in the second half of this fiscal. The current quarter will have some lag due to the carry forward of some of the high-priced inventory, but the fourth quarter would witness better margins, Puri said. He is optimistic about India and the home improvement sector, and Pidilite is ready for the next phase of growth with its ongoing capex programme. Puri expects the rural markets to bounce back with positive volume growth, helped by a good monsoon in the next six months. According to Puri, it will take a little bit of time but will come back. The demand is most impacted in rural and semi-urban India. "As inflation moderates and more money comes into the hands of the consumer because of the good monsoon, we do think that over the next six months, hopefully, demand should improve from there also," Puri

Pidilite Q2 net profit dips 10% to Rs 338 cr; sales up 14% to Rs 3,011 cr

Pidilite Industries on Wednesday reported a decline of 10.06 per cent in consolidated net profit at Rs 337.75 crore for the second quarter of FY23 on account of raw material inflation and high-priced inventory. The company, which manufactures adhesives, sealants and construction chemicals, had logged a profit of Rs 375.53 crore in the July-September quarter a year ago. Revenue from operations was up 14.65 per cent at Rs 3,011.15 crore during the quarter under review as against Rs 2,626.35 crore in the year-ago period, Pidilite Industries said in a regulatory filing. "Margins continue to be impacted owing to raw material inflation, a weaker currency and high-priced inventory. Selective pricing action along with mix enrichment helped to maintain gross margins sequentially," said Pidilite in an earnings statement. Control in costs below gross margin enabled to maintain EBITDA margin at the same level as previous quarters, it added. Pidilite's total expenses were at Rs 2,586.60 crore,

Sensex gyrates 537 points, ends 152 pts down; Nifty PSU Bank index rises 4%

CLOSING BELL: The Nifty50, meanwhile, shut shop at 18,157, down 46 points or 0.25 per cent

Stocks to watch: Tata Motors, Coal India, Paytm, Sun Pharma, GCPL, VST Inds

Stocks to watch today: Tata Motors, Pidilite Industries will report the July-September quarter (Q2FY23) results on Wednesday, November 9; Coal India saw 102 per cent jump in net profit to Rs 6,044 cr

Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak

CLOSING BELL: The gains were largely led by bank, auto, IT, and FMCG stocks. Their sectoral indices were up over 1 per cent each

Pidilite may enter Nifty 50 once HDFC gets taken off after merger

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

Falling raw material costs to aid margin expansion for Asian Paints

Despite the raw material pressures, the company posted a 172 bps expansion in operating profit margins as compared to the year ago period, given operating leverage benefits

Stocks to Watch: Adani Group, Fertilisers, HDFC Bank, Canara Bank, Suzlon

Stocks to Watch on Tuesday: Government may look to privatise PSU fertiliser companies; Adani Group in an attempt to allay fears of being overleveraged, said the firms have reduced debt over the years.

Sharp dip in input cost to aid Pidilite Industries' margin recovery

While prospects remains healthy, upsides are limited post recent run up