Page 3 - Pidilite Industries

Pidilite Industries Q1 profit up 64% at Rs 358 cr; revenue jumps 60%

Pidilite Industries on Wednesday reported 64.27 per cent rise in consolidated net profit at Rs 357.52 crore for June quarter 2022-23, led by growth in sales and volume. The company which manufactures adhesives, sealants and construction chemicals had logged a profit of Rs 217.64 crore in April-June period a year ago. Revenue from operations was up 60.11 per cent at Rs 3,101.11 crore during the quarter under review as against Rs 1,936.79 crore in the year-ago period, Pidilite Industries said in a regulatory filing. "The current quarter recorded robust revenue growth, a combination of higher volumes and measured price increases," said an earning statement of Pidilite Industries. However, it added that input costs remained elevated during the quarter and cost efficiency measures ensured PAT growth in line with revenue growth. Total expenses were at Rs 2,641.98 crore as against Rs 1,655.45 crore. Revenue from the 'Consumer & Bazaar' segment was up 63.9 per cent to Rs 2,435.84 crore i

Pidilite Industries stock gains on sales growth, margin recovery hopes

Easing raw material prices are a key trigger for the adhesive market leader

Investors poorer by Rs 7 trn as Sensex crashes 1,416pts; Nifty holds 15,800

CLOSING BELL: The Nifty IT index plunged 6 per cent on the NSE today after global brokerage JPMorgan downgraded the sector to "underweight".

Stocks to Watch: Axis Bank, Brightcom, Cipla, Federal Bank, Pidilite, IT

BHEL, Birlasoft, Canara Bank, Fino Payments Banks, LIC Housing Finance, MayMyIndia, McDowell Holdings, PNB, RBL Bank and Wockhardt to announce results today.

Pidilite Industries' net profit falls 19.5% to Rs 359.2 cr in Dec quarter

Pidilite Industries, a leading manufacturer of adhesives, sealants and construction chemicals, on Tuesday reported a 19.5 per cent decline in its consolidated net profit to Rs 359.24 crore for the third quarter ended December 2021. The company had posted a Rs 446.43-crore profit in the corresponding period a year ago, Pidilite Industries said in a regulatory filing. Its revenue from operations during the October-December 2021 jumped 24 per cent to Rs 2,850.72 crore, compared with Rs 2,299.02 crore in the year-ago period. "Robust double-digit revenue growth in this quarter was led by staggered pricing actions and steady demand conditions," Pidilite Industries said in a statement. Its growth was broad-based across consumer and bazaar (C&B) and business-to-business (B2B) with growth in urban geographies outpacing rural geographies. However, it also added that "gross margins continue to get impacted on account of an unabated increase in input cost". Pidilite Industries Managing ...

Brent tests $85: Invest in these stocks to benefit from surging oil prices

Stocks like HOEC, HPCL, ONGC and Pidilite can rally up to 10 per cent in the near term.

Demand rise and market share gain boost Pidilite's growth

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

Bull Spread Strategy on Pidilite Inds by Nandish Shah of HDFC Securities

Pidilite Sept futures have seen long build up, the open interest has increased by 18 per cent with 5 per cent rise in price.

Pidilite PAT jumps 12.7 times in Q1 to Rs 217.6 cr; revenue rises 121%

In the quarter, Pidilite's cost of materials consumed spiked 276 percent

Tech View: How to trade paint stocks amid drop in crude oil prices?

Share of Asian Paints and Berger Paints recorded new all-time highs in trade on Thursday

Pidilite Industries reports 29% rise in Q3 net profit at Rs 446.43 cr

Pidilite Industries on Thursday reported a 28.99 per cent increase in consolidated net profit to Rs 446.43 crore for the third quarter ended December 2020. The company had posted a net profit of Rs 346.11 crore in the same quarter previous fiscal, Pidilite Industries said in a regulatory filing. Its revenue from operations rose 19.33 per cent to Rs 2,299.02 crore during the quarter under review, as against Rs 1,926.59 crore in the year-ago period. "Profitability was higher due to the benefits of input costs and lower discretionary spends. However, with significant inflation in input costs, margins will be under pressure in the coming quarters," Pidilite Industries Managing Director Bharat Puri said. Its revenue from the 'Consumer & Bazaar' segment stood at Rs 1,848.89 crore, while business-to-business registered Rs 475.08 crore. "The Consumer and Bazaar (C&B) segment registered volume and value growth in excess of twenty per cent during this quarter. Robust growth was ...

Stock calls by Nilesh Jain of Anand Rathi: Buy Pidilite, Godrej Industries

Pidilite's stock is in a secular uptrend and has formed a bullish Harami candlestick pattern on the daily chart

Pidilite Industries nears record high on heavy volumes, stock advances 4%

In the past three months, Pidilite has underperformed the market by gaining 16 per cent, as compared to a 20-per cent gain in the S&P BSE Sensex

Protect, prioritse, pivot the new mantras as FMCG CEOs reboot for new year

Workforce protection top of mind for many CEOs at CII's annual FMCG summit held virtually, as world enters early vaccination stage

Pidilite Industries: Investors advised to look at the stock on dips

Recovery in domestic growth and lower input costs should aid margin improvement

Pidilite Industries advances 5% on acquisition of Huntsman Group arm

The board of the company approved a definitive agreement with Huntsman Group (USA) for acquiring 100 per cent stake in one of their subsidiaries in India namely, Huntsman Advanced Materials Solutions

Pidilite acquires consumer and bazaar business of Araldite for Rs 2,100 cr

Pidilite Industries is acquiring complete interest in HAMSPL for a consideration of about Rs 2,100 crore to consolidate its leadership position in the domestic adhesive market

Bank Nifty likely to outperform Nifty in the coming days, says Nilesh Jain

A fresh put writing at 24,000 strike indicates that put writers are shifting the base higher and we might see further upside move on the back of a short-covering rally

Stock tips by Nilesh Jain of Anand Rathi: Buy Muthoot Finance, Bandhan Bank

The momentum indicators and oscillators are in the buy mode on the daily scale for Muthoot Finance

Pidilite Industries: Investors advised to wait for better entry point

Focus on increasing share of premium products and on high growth segments is positive for earnings