Pidilite Industries Q3 Review - Input Costs Put A Spanner In The Wheel: Prabhudas Lilladher 
Fevicol, a product of Pidilite Industries. (Source: company website)

Pidilite Industries Q3 Review - Input Costs Put A Spanner In The Wheel: Prabhudas Lilladher 

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Prabhudas Lilladher Report

We have increased our sales estimate by 5.94/4.6/4.6% for FY21/22/23 on the back of strong numbers reported by Pidilite Industries Ltd. aided by continued demand momentum in rural areas and revival in urban demand.

Business-to-business segment has also benefited from resurgence in industrial activity.

We remain positive on the company given its strong presence in water proofing and construction chemicals due to first mover advantage and strong connect with trade.

We believe investment in Huntsman will allow the company to consolidate Araldite’s leadership position in epoxy based adhesives by leveraging its strong distribution network.

Click on the attachment to read the full report:

Prabhudas Lilladher Pidilite Industries Q3FY21 Result Update.pdf


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