Buy Pidilite Industries; target of Rs 2,792: Sharekhan
Sharekhan is bullish on Pidilite Industries has recommended buy on the stock with a revised price target (PT) of Rs. 2,792 in its research report dated January 27, 2022.28-01-2022
28-01-2022
PIDILITE INDUSTRIES LTD. - 500331 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Update27-01-2022
Pidilite Industries' net profit falls 19.5% to Rs 359.2 cr in Dec quarter
Pidilite Industries, a leading manufacturer of adhesives, sealants and construction chemicals, on Tuesday reported a 19.5 per cent decline in its consolidated net profit to Rs 359.24 crore for the third quarter ended December 2021. The company had posted a Rs 446.43-crore profit in the corresponding period a year ago, Pidilite Industries said in a regulatory filing. Its revenue from operations during the October-December 2021 jumped 24 per cent to Rs 2,850.72 crore, compared with Rs 2,299.02 crore in the year-ago period. "Robust double-digit revenue growth in this quarter was led by staggered pricing actions and steady demand conditions," Pidilite Industries said in a statement. Its growth was broad-based across consumer and bazaar (C&B) and business-to-business (B2B) with growth in urban geographies outpacing rural geographies. However, it also added that "gross margins continue to get impacted on account of an unabated increase in input cost". Pidilite Industries Managing...25-01-2022
Q3FY22 Quarterly Result Announced for Pidilite Industries Ltd.
Chemicals and Petrochemicals company Pidilite Industries announces Q3FY22 results: Consolidated: Net sales at Rs 2,841 crore grew by 24% over the same quarter last year. Net sales for the nine months ended stood at Rs 7,382 crore and grew by 47% over the same period last year. EBITDA before non-operating income at Rs 550 crore declined by 14% over the same quarter last year. EBITDA for the nine months ended stood at Rs 1,457 crore and grew by 19% over the same period last year. Profit before Tax and Exceptional items (PBT) at Rs 487 crore declined by 19% over the same quarter last year. PBT for the nine months ended stood at Rs 1,268 crore and grew by 14% over the same period last year. Profit after tax (PAT) at Rs 359 crore declined by 20% over the same quarter last year. PAT for the nine months ended stood at Rs 952 crore and grew by 16% over the same period last year. Standalone: Net sales at Rs 2,407 crore grew by 24% over the same quarter last year with underlying sales volume and mix growth of 9.4%. This was driven by 9% growth in sales volume and mix of C&B; (domestic C&B; grew by 10%) and 13% growth in B2B. Net sales for the nine months ended stood at Rs 6,224 crore and grew by 44% over the same period last year. EBITDA before non-operating income at Rs 480 crore declined by 16% over the same quarter last year. EBITDA for the nine months ended stood at Rs 1,266 crore and grew by 11% over the same period last year. Profit before Tax and Exceptional Items (PBT) at Rs 434 crore declined by 21% over the same quarter last year. PBT for the nine months ended stood at Rs 1,231 crore and grew by 14% over the same period last year. On a like to like basis (excluding dividend from subsidiary) PBT grew by 5% for the nine months period. Profit after Tax (PAT) at Rs 323 crore declined by 21% over the same quarter last year. PAT for the nine months ended at Rs 950 crore and grew by 18% over the same period last year. On a like to like basis (excluding dividend from subsidiary) PAT grew by 3% for the nine months period. Commenting on the quarter performance, Mr. Bharat Puri, Managing Director, Pidilite Industries Ltd, said: “This quarter registered strong broad-based volume and value growth across categories and businesses. Continued, unprecedented inflation in input costs necessitated calibrated pricing actions as well as the need to manage costs aggressively to maintain margins in a healthy range. Going forward, we expect near-term demand conditions to be a little more challenged, given the disruptions as a result of the pandemic as well as input inflation to continue. However, we see demand conditions improving as well as input costs moderating by the end of the current quarter/beginning of the new financial year. We remain confident of the medium to long-term potential of the Indian home improvement sector and in our ability to deliver profitable volume growth.” Result PDF25-01-2022
PIDILITE INDUSTRIES LTD. - 500331 - Board Meeting Outcome for Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended 31St December, 2021
Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Nine months ended 31st December, 202125-01-2022
PIDILITE INDUSTRIES LTD. - 500331 - Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended 31St December, 2021
Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Nine months ended 31st December, 202125-01-2022
PIDILITE INDUSTRIES LTD. - 500331 - Intimation Regarding Grant Of Stock Options
Intimation regarding grant of stock options24-01-2022
PIDILITE INDUSTRIES LTD. - 500331 - Intimation Of Q3FY22 Earnings Call
Intimation of Q3FY22 Earnings Call21-01-2022