Sharekhan's research report on Pidilite Industries
Pidilite Industries’ (Pidilite’s) Q3FY25 performance was good with domestic revenue rising 9.3% y-o-y driven by a 9.7% volume growth. Consolidated EBITDA margin stood flat y-o-y at 23.7%. Management expects demand to stay soft in the near term. It has maintained guidance of delivering profitable double-digit volume growth in the long term led by sustained focus on brand building, distribution expansion, enhanced supply chain network and innovation. VAM prices were benign at $884 per tonne in Q3 and are expected to remain stable in the short term. EBITDA margin guidance maintained at 20-24% for the long term.
Outlook
Stock trades at 71x/61x/55x FY25E/FY26E/FY27E EPS, respectively. With an unfavourable risk-reward ratio, we maintain our Hold rating on the stock with a revised PT of Rs. 3,155.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
