Pidilite Inds hits new high

Pidilite Industries hit a new high today at Rs.1146.50, going up over 6%. Volumes jumped up some 3 times.

The market is thrilled with the company’s Q4FY18 performance. Its consolidated net profit rose over 57% (YoY) to Rs.244 on a 15% rise in revenue at Rs.1485.

EBITDA was up 6% at Rs.274 but margins slipped from 19.9% to 18.5%.

The company has stated that in coming years, it will focus on double digit volume growth and would limit price hike to 75% of inflation.