Pidilite Industries inventory gained 9 per cent on Thursday after reporting spectacular development quantity in Q3 FY25. The inventory closed 5.39 per cent larger on the NSE at ₹2,903.25, after hitting an intraday excessive of ₹2,997.20.
The whole market cap stood at ₹1,47,672.67 crore. On the BSE, the inventory closed 5.57 per cent optimistic at ₹2,907.55.
Pidilite’s consolidated web revenue grew 8.2 per cent to ₹557.08 crore within the quarter ended December 2024 from ₹510.92 crore within the corresponding quarter earlier yr.
Income from operations (consolidated) rose 7.6 per cent to ₹3,368.91 crore within the December 2024 quarter, as in opposition to ₹3,129.99 crore within the year-ago interval.
Standalone web revenue for the quarter ended December 2024 was at ₹534.5 crore as in opposition to ₹522.85 crore within the year-ago interval.
Home brokerage Motilal Oswal stated the corporate stays cautiously optimistic about improved demand from a superb monsoon and elevated development actions. The corporate is targeted on driving worthwhile, volume-led development by model, provide chain, and other people investments.
Whereas the home subsidiaries delivered double-digit income development at an improved EBITDA margin, the worldwide subsidiaries — excluding Pidilite USA and Pulvitec Brazil — reported modest gross sales development owing to international financial uncertainty, inflation, and political instability.
Bharat Puri, Managing Director, Pidilite Industries, stated in an earnings launch, “Regardless of subdued demand throughout city and rural geographies, we continued to make regular progress, with sturdy income and underlying quantity development and wholesome ranges of profitability.”
Nuvama Institutional Equities acknowledged that Pidilite delivered an honest efficiency in Q3FY25 income (up 7.6 per cent y-o-y) and EBITDA (up 7.5 per cent y-o-y) consistent with the consensus estimates. The enter prices remained benign through the quarter, it added.
The brokerage maintained a purchase score at a goal worth of ₹3,735, earlier than the earnings convention name.
International brokerage Goldman Sachs has retained purchase name at a goal worth of ₹3,560, optimistic in regards to the development in volumes and margin enlargement. Nonetheless, it cited weaker-than-expected potential within the housing market and rising competitors within the waterproofing phase as challenges.
In the meantime, Macquarie has given an underperform score at a goal worth of ₹2,600. It famous that gross sales development was marginally beneath estimates in Q3 FY25.
