Pidilite Industries Expects Double-Digit Volume Growth in H2
Pidilite Industries expects a ‘double digit underlying volume growth’ in the second half of the current fiscal, helped by its growth brand steps, along with product innovation and marketing initiatives, its Managing Director Sudhanshu Vats has said.
Driving Growth through Innovation and Marketing
The company expects to continue the momentum in H2 with a higher Ebitda (earnings before interest, taxes, depreciation, and amortisation), as input costs remain benign, Vats said in a post-earnings virtual media roundtable. To learn more about how to calculate EBITDA, click here.
‘We see momentum to continue. Therefore, the underlying double-digit volume growth that we delivered in the first half, we want to continue with that momentum into the second half,’ said Vats while replying to a query from PTI.
Q2 Results and Future Outlook
The company, which manufactures adhesives, sealants and construction chemicals, had last week reported 9.8 per cent growth in its consolidated net sales to Rs 3,540 crore for the September quarter. Moreover, its Ebitda increased by 24 per cent.
The maker of Fevicol, M-Seal, Fevikwik, Dr Fixit, and Araldite had delivered double-digit underlying volume growth with sequential improvement and healthy operating margins, even in a challenging macro-economic environment. For more information on macro-economic environment, visit our website.
It remains optimistic and expects improvement, aided by favourable monsoons and the indirect cascading impact of GST 2.0 on demand, coupled with accelerated growth in the construction sector, driven by benign interest rates and enhanced liquidity. To understand the impact of Oyo Extends Bonus Issue Deadline for Equity Shareholders: What Indian Investors Need to Know