Pidilite Industries falls 3% on disappointing Q4 results

Net sales declined 6% YoY to Rs 1,535 crore, largely impacted by lockdown and disruption in the supply chain.

Shares of Pidilite Industries dipped 3 per cent to Rs 1,391 on the BSE on Thursday after it reported lower-than-expected earnings in terms of revenue and net profit, which were largely impacted by lockdown and exceptional loss.

The stock of the leading manufacturer of adhesives, sealants, and construction chemicals has declined 8 per cent in the past nine trading days, as compared to a 2 per cent decline in the S&P BSE Sensex.

The company’s profit before tax and exceptional items (PBT) declined 12 per cent year-on-year (YoY) to Rs 255 crore. Net sales declined 6 per cent at Rs 1,535 crore