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Pidilite stays glued to growth
Mint Chennai
|March 20, 2025
Fevicol-maker Pidilite Industries Ltd has held up relatively well amid the recent market downturn.
While Nifty Next 50 has dropped 9% so far in 2025, Pidilite's stock has slipped 6%, cushioned by its ability to sustain healthy volume growth in a challenging demand environment.
At its recent analyst meeting, Pidilite reiterated its goal of double-digit volume growth in the medium term and an EBITDA margin of 20-24%. For the nine months ended December (9MFY25), volumes rose 9.2%, while the EBITDA margin was just shy of the upper-end 24% mark, keeping Pidilite on track to meet its goal for FY25.
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