Pidilite Industries Q1 PAT seen up 38.6% YoY to Rs. 301.7 cr: ICICI Direct

Pidilite Industries net profit rose 17% year on year to Rs 254 crore. Pidilite Industries Ltd reported a 17.3% decline in its net profit for the March quarter to Rs 254 crore from Rs 308 crore a year ago. Revenue for the quarter rose 12% year on year to Rs 2507 crore versus Rs 2235 crore last year. Total cost rose 18% year on year to Rs 2178 crore.

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ICICI Direct has come out with its first quarter (April-June’ 22) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Pidilite Industries to report net profit at Rs. 301.7 crore up 38.6% year-on-year (up 18.6% quarter-on-quarter).

Net Sales are expected to increase by 34.9 percent Y-o-Y (up 4.3 percent Q-o-Q) to Rs. 2,613.7 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 34.8 percent Y-o-Y (up 16.8 percent Q-o-Q) to Rs. 468.4 crore.

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