Pidilite Under Pressure After Reporting A Mixed Q2FY27 Performance | CNBC TV18
CNBC-TV18 · 29 Oct 2026 · 7 min
Management interview of Pidilite Industries Ltd (PIDILITIND), with 9 key numbers discussed.
- Sudhanshu Vats, MD, Pidilite Industries Ltd
Pidilite reported over 21% consolidated growth in Q2 with resilient demand and double-digit underlying volume growth. Managing Director Sudhanshu Vats stated that gross margins faced pressure due to VAM consumption at around $1,600 compared to $880 last year. To counter raw material volatility, the company implemented price hikes, targeting an effective 15% increase for the full year, of which 12% is completed. Pidilite aims to maintain EBITDA margins at the higher end of its 20-24% guidance band.