Pidilite Industries Q2 earnings miss and margin contraction
Statements (7)
- Bullish
Pidilite Industries reported a 7% year-over-year growth in net profit for the September quarter.
- Bullish
Pidilite Industries' consolidated net profit reached Rs 626 crore for the September quarter.
- Bullish
Pidilite Industries' total revenue increased by over 21% year-over-year to Rs 4,285 crore.
- Bearish
Cost of goods sold for Pidilite rose to ₹2,210.88 crore from ₹1,598.15 crore.
- Bearish
Gross margin for Pidilite contracted by 640 basis points during the quarter.
- Bearish
Gross margin for Pidilite fell to 48.6% from 55% a year ago.
- Bearish
Pidilite Industries reported a Q2 earnings miss, causing its shares to be in focus.