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Last Updated : Nov 08, 2016 03:43 PM IST | Source: CNBC-TV18

Pidilite Q2 profit seen up 21%, volume growth may be 10%

Adhesives manufacturing company Pidilite Industries' second quarter profit is likely to increase 21 percent year-on-year to Rs 231 crore and revenue may grow 10.2 percent to Rs 1,455 crore, according to average of estimates of analysts polled by CNBC-TV18.

 
 
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Adhesives manufacturing company Pidilite Industries' second quarter profit is likely to increase 21 percent year-on-year to Rs 231 crore and revenue may grow 10.2 percent to Rs 1,455 crore, according to average of estimates of analysts polled by CNBC-TV18.


EBITDA (earnings before interest, tax, depreciation and amortisation) is seen rising 16.1 percent to Rs 350 crore and margin may expand 130 basis points to 24.1 percent compared with year-ago period.


Analysts expect stable set of earnings for the quarter. The company works in two key segments - Consumers, which accounts for 80 percent of revenue, and the rest by industrial division.

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Normal rains may aid revenue from Dr Fixit (the leakage solution product). Gross margin may expand YoY due to Lower VAM (vinyl acetate monomer) prices but sequentially may decline.

Analysts expect volume growth at 10 percent for the quarter against 3 percent in corresponding period of last fiscal and 8.4 percent in previous quarter.

First Published on Nov 8, 2016 03:43 pm
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