01-01-1970 12:00 AM | Source: Angel Broking Ltd
Quote On Pidilite Industries 3QFY21 By Keshav Lahoti, Angel Broking
Below are Quote On Pidilite Industries 3QFY21 By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd
Pidilite Industries reported net sales at Rs 2,290 Cr grew by 20% (*Excluding Pidilite Adhesives Pvt Ltd (PAPL) - 16%) over the same quarter last year. EBITDA before non-operating income at Rs 641 Cr grew by 38% (*Excluding PAPL - 33%) over the same quarter last year on account of lower input cost and A&SP spends . Profit after tax (PAT) at Rs 446 Cr grew by 29% (*Excluding PAPL - 23%) over the same quarter last year. PAT at Rs 819 Cr declined by 15% over the same period last year due to tax reversal in the prior year with reduction in corporate tax rate (on a like to like basis PAT declined by 13%). The Consumer and Bazaar segment registered volume and value growth in excess of twenty percent during this quarter. Robust growth was registered across all verticals driven by continued demand momentum in rural areas and strong recovery in urban including metros. Due to resurgence in industrial activity healthy volume growth has been registered in the Business to Business (B2B) segment too.
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