Despite soft consumer sentiments, the company has shown solid performance across categories
Operating margins improve, but PAT declines
Shares of Pidilite fell over 5 percent on Wednesday, marking their biggest single-day drop in four months after its March quarter results missed street estimates.
The Lok Sabha elections may create a temporary surge in demand, with incremental sales of 6-8 percent in Q1FY25 for small packs of snacks and biscuits, Nuvama has said
Despite believing PowerGrid to be the best play on India's electrification, Kotak Institutional Equities decided to exit the stock
The adhesive manufacturer’s managing director says the company's connect with the workman ecosystem would help it in its lending business
The company plans to work on credit business in the form of small value retail loans.
In a recent regulatory filing, Pidilite Industries announced the successful launch of its state-of-the-art manufacturing facilities in Amod, Gujarat, through its joint ventures Pidilite Litokol Pvt Ltd (PLPL) and Tenax Pidilite Pvt Ltd (TPPL)
In the March quarter of FY23, most midcap companies witnessed significant margin expansion sequentially as high-cost raw material inventory was liquidated and commodity prices softened. Read on find Jefferies' picks
Leading adhesive, waterproofing solutions and construction chemicals company said now the inflation has come to a ”manageable level” though it has not come back to pre-Covid levels
A steep correction in the price of the key raw material, VAM, should pave the way for margin recovery in the coming quarters.
In this episode of Market Minutes, Shailaja Mohapatra talks about the global market action when Indian markets were shut; Q4 business updates by HDFC Bank, M&M Financial Services and Bajaj Finance; some good news for ONGC and Oil India, and Indigo Paints' newest acquisition. Also catch Divam Sharma of Green Portfolio in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.
Budget 2023-24: The slowdown in discretionary consumption may be due to factors such as weakening of pent-up demand and elevated inflation hurting household savings
Operating margins of the company fell 16.5 percent in the quarter versus 18.9 percent in the year-ago period due to high cost inventory
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Motilal Oswal recommended Neutral rating on Pidilite with a target price of Rs 1605 in its research report dated January 23, 2021.
Pidilite's acquisition of Huntsman’s consumer adhesives business does not come cheap but that has not stopped the company
Motilal Oswal recommended Neutral rating on Pidilite with a target price of Rs 1385 in its research report dated September 15, 2020.
Saurabh Mukherjea and his team give tips on investing during tough times
This contribution will be made to the central as well as other emergency state relief funds, the company said in a statement.
Key resistance for Nifty is 11400 and until this level is crossed, one should not expect any significant pullback or upmove in the near term.
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 10 percent Y-o-Y (down 5.2 percent Q-o-Q) to Rs. 1,245.7 crore, according to Prabhudas Lilladher.
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.