Pidilite Industries: Fundamental Radar: These 5 factors make Pidilite Industries a preferred pick in paints space


The brokerage has increased gross margin forecasts for Pidilite by 40-55 basis points, while largely maintaining operating margin estimates.

Synopsis

The specialty chemicals maker reported a well-rounded 10.4% underlying volume growth and a strong operating margin for the last quarter. Standalone revenue grew 4.6% on year to Rs 28.3 billion, led by the strong underlying volume growth.

MUMBAI – Pidilite Industries Ltd reported a robust set of numbers for the quarter ended December, which has improved growth prospects and prompted analysts to recommend accumulating the stock.The specialty chemicals maker reported a well-rounded 10.4% underlying volume growth and a strong operating margin for the last quarter. Standalone revenue grew 4.6% on year to Rs 28.3 billion, led by the strong underlying volume growth. Both urban and

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