172@29@17@247!~!172@29@0@53!~!|news|business|earnings|pidilite-q3-profit-seen-down-2-volumes-growth-may-be4-5-950443.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false
Moneycontrol
Watch experts decode 'The rise of ESG investing' on October 29 at 4pm. Register Now!
Last Updated : Jan 31, 2017 03:27 PM IST | Source: Moneycontrol.com

Pidilite Q3 profit seen down 2%, volumes growth may be -4-5%

Paint company Pidilite Industries' third quarter earnings are expected to be weak as low demand may hit topline and higher input cost is likely to impact margin.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Paint company Pidilite Industries' third quarter earnings are expected to be weak as low demand may hit topline and higher input cost is likely to impact margin.


Profit is seen falling 2 percent year-on-year to Rs 182.4 crore and revenue is likely to decline 2.7 percent to Rs 1,303 crore, according to average of estimates of analysts polled by CNBC-TV18.


Operating profit during the quarter is expected to slip 5.4 percent to Rs 279.5 crore and margin may shrink 60 basis points to 21.4 percent compared with year-ago period.

Close

Volumes growth is expected to be negative 4-5 percent against 11 percent in same quarter last year.

Factors to watch out for would be:
-Performance of new product: WD-40
-Outlook for industrial and construction chemical segments
-Volume growth in Fevicol
-Outlook for VAM (key raw material) prices.
-Progress on Elastomer project

First Published on Jan 31, 2017 03:27 pm
Sections