Pidilite needs a quicker recovery to strengthen its bond with investors2 min read 11 Aug 2020, 09:20 AM IST
The company’s management has said business gradually improved in July with more than 90% of retail outlets open
Paint companies have gained traction in some areas of waterproofing at the cost of Pidilite
MUMBAI: The June quarter earnings of Fevicol-maker Pidilite Industries Ltd were disappointing on many fronts. Key contributor to the company’s revenues -- the consumer and bazaar (C&B) segment -- saw volumes decline around 59%. This fall was higher than what was being anticipated. Secondly, in spite of lower raw material cost, gross margins declined by 190 basis points sequentially, to 53.5%. One basis point is one hundredth of a percentage point.
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