The key takeaway from adhesive-major Pidilite Industries’ (Pidilite’s) March 2020 quarter (Q4) results, announced on Wednesday post market hours, is that sales recovery will be a challenge, while benign input costs led by lower crude oil price lend some hope.
In Q4, Pidilite’s consolidated top-line declined by 5.8 per cent year-on-year to Rs 1,545 crore pulled down by a 4.2 per cent fall in domestic volumes, and profit before tax (PBT) and exceptional items fell by 12.3 per cent year-on-year to Rs 255 crore. These were lower than consensus estimates of Rs 1,570 crore ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Thu, June 18 2020. 19:26 IST
