In an interview to CNBC-TV18, Apurva Parekh, ED of Pidilite Industries spoke about the results and his outlook for the company.
Higher crude prices have led to higher prices of raw materials that impacted gross margins for the company in first-half, said Apurva Parekh, ED, Pidilite Industries.
Pidilite Industries is in focus as the company posted a weak set of Q1 earnings. In an interview to CNBC-TV18, Apurva Parekh, ED of the company spoke about the results and gave his outlook for the company.
In an interview to CNBC-TV18, Apurva Parekh, Director of Pidilite Industries spoke about the results and his outlook for the company.
Pidilite Industries Limited reported a muted result for the quarter ended December 2016.
In an interview to CNBC-TV18's Sonia Shenoy & Reema Tendulkar, Varun Lohchab, MD & Head of Research at Religare Capital Markets, Abneesh Roy, Associate Director at Edelweiss Securities and Amnish Aggarwal, Senior VP-Research at Prabhudas Lilladher did review FMCG space for 2016 and how 2017 will pan out for the sector.
In an interview with CNBC-TV18, Apurva Parekh, Executive Director, Pidilite Industries, said the company's consumer and bazaar business has grown 15 percent historically and they are working towards achieving the growth rates again.
Competition will only help expand the market, our job as leaders is to create categories, said Bharat Puri, MD, Pidilite Industries.
In the medium-term, the company would strive to achieve the historical growth of 15 percent, said Apurva Parekh, Director, Pidilite Industries.
KBS Anand, MD and CEO, Asian Paints, is confident that demand for paints will surge if gross domestic product (GDP) grows.
Apurva Parekh, Director of Pidilite Industries says the challenging demand scenario last year hit revenue growth but no price reductions were taken to combat competition.
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 says the company‘s exports have seen a slowdown and revenues were down amongst a couple of products in the company‘s portfolio.
Pidilite Industries reported a 27.88 percent increase in consolidated net profit at Rs 124.36 crore for the third quarter ended December 31, 2014.
The standalone business growth was led by growth in consumer and bazaar segment, said Sandeep Batra of Pidilite Industries.
Pidilite Industries Q3 consolidated net profit stood at Rs 97.2 crore and consolidated net sales were at Rs 1,062 crore on a year-on-year basis.
Speaking exclusively to CNBC-TV18, Sandeep Batra, CFO of Pidilite says that the company sees a likely repeat of FY11 performances in its guidance for this year. The chemicals and adhesive maker is witnessing headline inflation on input costs and a significant increase in commodity prices, which Batra says has impacted the margins of the company.