Pidilite Industries' third quarter consolidated profit is expected to increase 33 percent year-on-year to Rs 129.3 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Total income is seen going up 15 percent to Rs 1,230 crore during October-December quarter from Rs 1,069 crore in same quarter last fiscal.
Operating profit may jump 22.7 percent year-on-year to Rs 195 crore and margin may expand 100 basis points to 15.9 percent in the quarter ended December 2014.
Expectations
Consumer and bazaar business may post a volume growth of 7-8 percent (11 percent in Q3FY14; 10 percent in Q2FY15)
Demand in October was muted due to many holidays with no sharp recovery in November
Some Q-o-Q dip in the vinyl acetate monomer (VAM) prices coupled with the sharp decline in the crude oil prices may partly relieve gross margin pressures on a sequential basis
Full benefits of gross margin benefits may surface in Q4FY15. However, Q-o-Q margins could see a dip due to weak volumes.
Lower depreciation and interest burden may offset by increase in tax rates
Standalone business
Sustained growth momentum in consumer & bazaar segment coupled with pick up in industrial segment could drive 15.4 percent growth in standalone revenues
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