Pidilite Industries Q4 Review - Input Costs Add To Covid-19 Uncertainty: Prabhudas Lilladher
Range of Fevicol brand products manufactured by Pidilite Industries. (Source: Company website)

Pidilite Industries Q4 Review - Input Costs Add To Covid-19 Uncertainty: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

We continue to remain positive on the long term story of Pidilite Industries Ltd. given its strong presence in water proofing and construction chemicals due to first mover advantage and strong connect with trade.

Huntsman acquisition is on track and will strengthen the company in Epoxy-based adhesives which will lead to higher growth and profitability (~31.3% margins).

Lower penetration in waterproofing market provides large headroom for growth and despite pressure from paint companies Pidilite remains confident as market for waterproofing has been expanding due to increased consumer awareness and acceptance.

Business-to-business and export are expected to perform better in FY22 despite lockdowns however retail will be impacted in FY22.

Click on the attachment to read the full report:

Prabhudas Lilladher Pidilite Q4FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.