Amid macro headwinds, Pidilite's strong Q1 show sticks well with investors

Net profit surged by 22%, driven by 10% rise in revenue and 119 basis point jump in operating profit margin to 22%

In a market where sentiment has been weak due to rising global concerns like trade and currency wars and domestic worries such as slowing economic and earnings growth, Pidilite has been a standout.

While the stock has been on a gradual uptrend for the past few years, Pidilite’s better-than-expected earnings in the June quarter (Q1) excited the Street. The stock hit an all-time high at Rs 1,324.30 on Tuesday on the BSE, before closing the day with nearly 3 per cent gains, compared to the Sensex’s rise of just 0.8 per cent. The leader in adhesives and maker of top brands