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    HomeNewsBusinessEarningsPidilite Industries: Strong competitive moat with overly stretched valuation

    Pidilite Industries: Strong competitive moat with overly stretched valuation

    Pidilite Industries, which owns the popular Fevicol brand, registered a strong revenue growth in Q1FY23. Operating margins continue to remain under pressure from rising input costs, which are likely to affect the upcoming quarters as well

    Sachin Pal
    Neha Gupta
    August 24, 2022 / 10:00 IST
    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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    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More