After the company announced its quarterly report, the market leader in adhesives and monopoly stock price rose 5.5% to its intraday high of ₹2,662.15 per share, up from its previous close of ₹2,522.75 on Wednesday.
According to the exchange filing on Tuesday, the company Pidilite Industries Limited has announced its financial report and its business highlights for the December quarter.
As per their financial report, their net revenue has spiked 4.4% YoY from ₹2,998 crores to ₹3,130 crores, and in QoQ, their net revenue increased by 1.7% from ₹3,076 crores.
The Net profit of the company rose by 66% YoY from ₹308 crores to ₹511 crores and in QoQ, their net profit rose by 11% from ₹459 crores.
Pidilite Industries achieved robust 10.4% revenue growth, with double-digit increases in both C&B and B2B segments. Urban and rural markets thrived, and export demand remained strong. Standalone revenue rose by 5%, led by C&B’s 5.5% and B2B’s 4.6% growth.
The company focused on a resilient supply chain, built a new plant, and expanded distribution. Domestic subsidiaries achieved double-digit growth in the C&B and B2B segments.
Pidilite Industries Ltd has a low debt-to-equity ratio of 0.02, a return on equity of 18%, a return on capital employed of 23%, and a net profit margin of 11% with a dividend yield of 0.42%.
With a market capitalization of ₹1,31,526 crores Pidilite Industry is a large-cap company, and the share price of the company rose by 8.7% in the last year.
Pidilite Industries Limited, based in India, manufactures adhesives and sealants, construction chemicals, craftsmen products, DIY (Do-It-Yourself) products, and polymer emulsions. The Company, along with its subsidiaries, focuses on consumer and industrial specialty chemicals.
Written by Sriram KV
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
