Pidilite Industries gains 4% on good Q1 results, stock hits all-time high

The management remains cautiously optimistic in the medium term of delivering consistent, profitable volume-led growth.

Shares of Pidilite Industries hit an all-time high of Rs 1,324, up 4 per cent intra-day on the BSE on Tuesday after the company reported a better-than-expected 22 per cent jump in consolidated net profit at Rs 294 crore in June quarter (Q1FY20), on strong volume growth. The company had a profit of Rs 241 crore in the year-ago quarter.

Operational revenue during the quarter grew 11 per cent year-on-year (YoY) at Rs 1,768 crore over the same quarter last year with underlying sales volume & mix growth of 6 per cent. EBITDA (earnings before interest, tax, depreciation and