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

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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.

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