The company posted a 40 per cent YoY growth in revenues at Rs2,626 crore
Pidilite Sept futures have seen long build up, the open interest has increased by 18 per cent with 5 per cent rise in price.
In the quarter, Pidilite's cost of materials consumed spiked 276 percent
Share of Asian Paints and Berger Paints recorded new all-time highs in trade on Thursday
Pidilite Industries on Thursday reported a 28.99 per cent increase in consolidated net profit to Rs 446.43 crore for the third quarter ended December 2020. The company had posted a net profit of Rs 346.11 crore in the same quarter previous fiscal, Pidilite Industries said in a regulatory filing. Its revenue from operations rose 19.33 per cent to Rs 2,299.02 crore during the quarter under review, as against Rs 1,926.59 crore in the year-ago period. "Profitability was higher due to the benefits of input costs and lower discretionary spends. However, with significant inflation in input costs, margins will be under pressure in the coming quarters," Pidilite Industries Managing Director Bharat Puri said. Its revenue from the 'Consumer & Bazaar' segment stood at Rs 1,848.89 crore, while business-to-business registered Rs 475.08 crore. "The Consumer and Bazaar (C&B) segment registered volume and value growth in excess of twenty per cent during this quarter. Robust growth was ...
Pidilite's stock is in a secular uptrend and has formed a bullish Harami candlestick pattern on the daily chart
In the past three months, Pidilite has underperformed the market by gaining 16 per cent, as compared to a 20-per cent gain in the S&P BSE Sensex
Workforce protection top of mind for many CEOs at CII's annual FMCG summit held virtually, as world enters early vaccination stage
Recovery in domestic growth and lower input costs should aid margin improvement
The board of the company approved a definitive agreement with Huntsman Group (USA) for acquiring 100 per cent stake in one of their subsidiaries in India namely, Huntsman Advanced Materials Solutions
Pidilite Industries is acquiring complete interest in HAMSPL for a consideration of about Rs 2,100 crore to consolidate its leadership position in the domestic adhesive market
A fresh put writing at 24,000 strike indicates that put writers are shifting the base higher and we might see further upside move on the back of a short-covering rally
The momentum indicators and oscillators are in the buy mode on the daily scale for Muthoot Finance
Focus on increasing share of premium products and on high growth segments is positive for earnings
After almost zero business in April and some recovery in May, June was a month of significant recovery for Pidilite
It's EBITDA stood at Rs 66.37 crore in Q1FY21, down 85.04 per cent YoY from Rs 443.73 crore posted in Q1FY20
Lower input costs, led by soft crude oil prices, lend some hope
Net sales declined 6% YoY to Rs 1,535 crore, largely impacted by lockdown and disruption in the supply chain.
Trading at 77x, its trailing 12-month net profit against industry average of about 43x
The primary trend of Ipca Lab's stock has been bullish with higher tops and higher bottoms on the weekly and monthly charts