India's Pidilite Industries gains on Q1 profit rise

Pidilite Industries

07/08/2025 06:15

** Shares of Pidilite Industries PIDI.NS rise 2% to 3,104 rupees

** Fevicol adhesive-maker posts 18.6% Y/Y rise in first-quarter profit on Wednesday on strong demand for its adhesives and sealants

** Goldman Sachs and Jefferies say Q1 results higher than their estimates

** Brokerages highlight co's volume growth improvement, driven by volume growth in Consumer & Bazaar segment accelerating to 9.3% Y/Y in Q1FY26 from 8% Y/Y in Q4FY25

** Trading volume at more than 422,904 shares, 1.5x 30-day avg

** PIDI rated "hold" by 15 analysts on average; median target price is 3,233.5 rupees – data compiled by LSEG

** Stock up 6.9% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))