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The research firm expects Asian Paints, Titan Company, United Breweries, Pidilite Industries, Marico and Nestle India to outperform peers
Net Sales are expected to increase by 18.1 percent Y-o-Y (down 5.1 percent Q-o-Q) to Rs. 1,754.5 crore, according to Kotak.
Net Sales are expected to increase by 13.3 percent Y-o-Y (down 0.6 percent Q-o-Q) to Rs. 1,747.4 crore, according to ICICI Direct.
Net Sales are expected to increase by 15.6 percent Y-o-Y (up 1.5 percent Q-o-Q) to Rs. 1,783.5 crore, according to Kotak.
The company trades at rich valuations on account of its strong market leadership position and high brand recall.
Net Sales are expected to increase by 11.5 percent Y-o-Y (down 6.4 percent Q-o-Q) to Rs. 1,443.8 crore, according to ICICI Direct.
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.
Net Sales are expected to increase by 6.5 percent Y-o-Y (down 2.9 percent Q-o-Q) to Rs. 1621 crore, according to ICICI Securities.
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.
Net Sales are expected to decrease by 9.5 percent Q-o-Q (up 5 percent Y-o-Y) to Rs 1295.1 crore, according to ICICI Securities. Pidilite to report net profit at 145.6 crore down 29.5% quarter-on-quarter.
Pidilite Industries Limited reported a muted result for the quarter ended December 2016.
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.
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.
Adhesives manufacturing company Pidilite Industries' second quarter profit is likely to increase 21 percent year-on-year to Rs 231 crore and revenue may grow 10.2 percent to Rs 1,455 crore, according to average of estimates of analysts polled by CNBC-TV18.
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.
Sales are expected to increase by 30.4 percent Q-o-Q (up 10.0 percent Y-o-Y) to Rs 1608.4 crore, according to ICICI Securities.
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.
Operating profit (earnings before interest, tax, depreciation and amortisation) is likely to jump 45 percent year-on-year to Rs 194 crore and margin may expand 420 basis points to 17 percent in Q4 on the back of benign crude linked input costs.
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.
Analysts see 300-550 basis points improvement in gross margin on account of lower crude linked input cost such as VAM (Vinyl Acetate Monomer, an important input in Pidilite's products). EBITDA margin expansion may be restricted primarily due to negative operating leverage.