Pidilite sticks well to growth, stock just shy of record highs
Business

Pidilite sticks well to growth, stock just shy of record highs

By Dan Neff

The Pidilite stock has gained 22% in the past year.

Synopsis

In the June quarter results announced last week, the maker of Fevicol, Fevikwik, Dr Fixit and M-Seal posted strong growth, aided by a low base quarter that was impacted by the second Covid-19 wave. The company’s net sales grew 60% and net profit increased 64%.

ET Intelligence Group: The stock of speciality chemicals company Pidilite Industries is just over a per cent away from hitting its record high level. Factors such as strong June quarter results, the decline in the prices of key commodities, healthy demand in the housing and home improvement segments and a good monsoon are favourable for the company’s performance.

In the June quarter results announced last week, the maker of Fevicol, Fevikwik,

BY

ET Bureau

3 mins read, Last Updated:

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Dan Neff