In India, Pidilite Industries Ltd is a top producer of polymer emulsions, construction chemicals, craftsmen’s products, adhesives and sealants, and DIY products. The use of internal R&D has been critical towards the development of the majority of products. For many people in India, the name Fevicol has become synonymous with adhesives.
Financial Results:
Pidilite Industries Limited’s revenues in Q3FY23 rose 5% to ₹ 2,987 crores. Consolidated Profit After Tax came at ₹ 308 crores showcasing a 14% fall YoY over the corresponding period. In this quarter’s results, the reports suggested that the firm has seen margins constraints due to rise in input costs.
Pidilite, which is popular for its synthetic resin adhesive Fevicol and waterproofing product Dr. Fixit reported a 4.7 percent increase in the cost of raw materials. On the other hand, the company faces a strain in demand in rural and semi-urban areas.