Introduction:
A leading chemical stock surged nearly 9% on January 23, 2025, after posting strong Q3FY25 results, with a 9% YoY rise in net profit and robust growth in revenue, driven by adhesives and construction chemicals demand.
Share Price movement of Pidilite Industries:
On January 23, 2025, Pidilite Industries Ltd opened at ₹2,800.95 and rose 9% to ₹2,954.10 by 12:15 PM. Previous close was ₹2,754.75, The stock reached an intraday high of ₹2,997.20 and a low of ₹2,800.95, with a market cap of ₹1,50,259.13 crore.
Pidilite Industries Q3 Results:
Pidilite Industries shares surged nearly 9% on January 23, 2025, following its strong Q3FY25 results. Consolidated net profit for October-December 2024 rose 9% YoY to ₹557 crore, reflecting robust performance in adhesives and construction chemicals.
The company’s consolidated net sales increased 9% YoY to ₹3,357 crore, excluding contributions from Pidilite USA and Pulvitec Brazil. Revenue from operations grew 8% YoY to ₹3,368.91 crore, driven by positive market conditions and demand.
EBITDA before non-operating income reached ₹798 crore, an 8% YoY increase. Pidilite remains optimistic about future growth, supported by favorable monsoons and increased construction activities, strengthening its market position and demand outlook.
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Recent news About Pidilite Industries :
On January 22, 2025, Pidilite Industries Ltd announced the appointment of Ms. Meena Ganesh and Mr. Vivek Raghavan as Additional Non-Executive Independent Directors for a five-year term, effective immediately. Their appointments are subject to shareholder approval. Both are not disqualified from holding directorship.
Stock performance of Pidilite Industries for Period of 1 week, 6 months and 1 year:
Pidilite Industries’ stock declined by 1.09% over the past week and dropped 12.1% over the last six months. However, it delivered a positive return of 6.28% over the past year, reflecting mixed performance across different timeframes.
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Shareholding pattern of Pidilite Industries:
All values in % | Dec-24 | Sep-24 | Jun-24 |
Promoters | 69.6 | 69.6 | 69.75 |
FII | 11.79 | 11.96 | 11.59 |
DII | 9.15 | 8.9 | 8.98 |
Retail & others | 9.46 | 9.54 | 9.7 |
About Pidilite Industries:
Pidilite Industries is a leading manufacturer of adhesives, sealants, and construction chemicals in India. Known for iconic brands like Fevicol, the company caters to diverse industries and markets, driving innovation and sustainable solutions in the chemical sector.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.