India's Pidilite rises after profit jump; Macquarie flags margin risks

Pidilite Industries

08/05/2026 06:56

** Shares of India's Pidilite Industries PIDI.NS jump 2.1% to 1,480.90 rupees

** Adhesives maker's quarterly profit rises 37% to 5.79 billion rupees ($61.26 million)

** Revenue up 14%, driven by growth across segments

** Consumer segment revenue rose ~16% y/y, while B2B was up 9.3%

** Macquarie cautions sales growth may be hard to sustain amid inflationary environment; sees margin pressures starting from Q1 FY27

** Trading vols at ~3.5 mln shares, over 3.5x the 30-day average

** PIDI rated "buy" on average by 18 analysts, median PT at 1,591.50 rupees, as per data compiled by LSEG

** YTD, stock down ~0.1%

($1 = 94.5163 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))