Demand Rise Boosts Pidilite's Growth

Pidilite, was among the standout performers in the September quarter. While the company beat Street estimates in Q2 comfortably, even on a two-year basis, it posted the fastest growth across consumer majors on the revenue and the operating profit metrics. Aided by a rebound in construction activity, higher pent-up demand, and market share gains, the company posted a 40 per cent YoY growth in revenues at Rs2,626 crore. This was over 12 per cent higher than consensus estimates.