Softer raw material prices to aid margin growth: Pidilite Ind

Adhesives and industrial chemicals manufacturer Pidilite Industries reported 49.34 percent increase in consolidated net profit at Rs 185.72 crore for the third quarter ended December 31.Apurva Parekh, Director of Pidilite Industries while detailing the third quarter numbers said volume growth was higher at 50-100 basis points than the value growth. With higher volume growth there was an uptick in profits but going forward the growth would depend on growth  in domestic economy and export growth.For the quarter gone by exports grew slower than domestic business and industrial growth too was only 3 percent, said Parekh.However, softness in key raw material prices lead to better margin growth. The company is comfortable with EBITDA margins growth of around 21-22 percent, said Parekh.The vinyl acetate monomer (VAM) prices too continued to remain soft, he said. For the entire interview, watch video