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Poor margin growth weighs on Pidilites earnings estimates

Friday, November 9, 2018, 7:53 PM

Adhesives maker Pidilite Industries Ltd's volume growth in the consumer and bazaar segment was decent in the September quarter. However, the lack of adequate pricing growth has soured the Street's sentiment towards the stock. The maker of Fevicol is among the causalities of a depreciating rupee and simultaneously surging crude oil prices.
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Poor margin growth weighs on Pidilite's earnings estimates

Friday, November 9, 2018, 10:43 AM

Adhesives maker Pidilite Industries Ltd's volume growth in the consumer and bazaar segment was decent in September quarter. However, lack of adequate pricing growth has soured the Street's sentiment towards the stock. The maker of Fevicol is among the causalities of a depreciating rupee and simultaneously surging crude oil-prices. Since most of its requirements are met through imports, a weakening rupee accelerated margin pressure.
 

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