Pidilite Industries is on radar after the company posted a good set of Q3 earnings. The revenues have come in line with estimates and margins have expanded to 24 percent despite higher crude prices and unchanged gross margins.
In an interview to CNBC-TV18, Apurva Parekh, ED of Pidilite Industries spoke about the results and his outlook for the company.
Parekh said that the overall economic environment has improved.
He further said that wholesale channel continues to face some stress.
We will continue to spend 4 percent of sales on advertisements, he added.
On business front, he said waterproofing saw good demand this quarter.
According to him, waterproofing is an underpenetrated segment which will grow with the market.
Waterproofing segment has significant potential, he said.
Watch accompanying video for more details.
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