Pidilite Profit Rises 6 Percent
Pidilite Industries reported a six percent rise in second-quarter net profit to 6.15 billion rupees. Steady underlying demand and timely pricing actions helped offset higher raw material costs.
Insights:
India's Pidilite Industries posted a 6% increase in second-quarter net profit to 6.15 billion rupees ($64.61 million) on Wednesday morning, driven by resilient domestic demand. The adhesive maker's revenue expanded 21% to 42.98 billion rupees during the period ended September 30. Managing Director Sudhanshu Vats said the firm expects to sustain its first-half momentum through the rest of the year despite rising material inflation.
