Pidilite Industries Q3 PAT seen up 11.5% YoY to Rs. 385.9 cr: ICICI Direct

Pidilite Industries | Company reported consolidated profit at Rs 356.4 crore in Q2FY21 against Rs 325 crore, revenue rose to Rs 1,880.3 crore from Rs 1,806.6 crore YoY.

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ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Pidilite Industries to report net profit at Rs. 385.9 crore up 11.5% year-on-year (up 8.3% quarter-on-quarter).

Net Sales are expected to increase by 9.3 percent Y-o-Y (up 11.9 percent Q-o-Q) to Rs. 2,104.9 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 12.9 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 522.8 crore.

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