Pidilite stays glued to growth

Fevicol-maker Pidilite Industries Ltd has held up relatively well amid the recent market downturn.

- Pallavi Pengonda

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.