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Pidilite: Lower oil price the only saving grace, challenging times ahead

Lower input costs, led by soft crude oil prices, lend some hope

Topics
Pidilite Industries | Oil price

Shreepad S Aute 



PIDILITE
Gross profit margins were up 507 basis point year-on-year to 55.4 per cent, the highest since December 2010 quarter, aided by lower input prices

Pidilite Industries’ March quarter (Q4) results indicated that sales recovery would remain a challenge, though benign input costs — led by lower crude oil prices — could provide comfort.

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First Published: Thu, June 18 2020. 19:26 IST

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