30-Oct-2026 08:00:20
PIDILITINDGeneral news
GOLDMAN SACHS ON PIDILITE INDUSTRIES ; BUY | TP ₹1,700 (EARLIER ₹1,850)
• Goldman Sachs maintains Buy rating on Pidilite Industries but cuts target price to ₹1,700 from ₹1,850. • Q2 revenue UP 20.9% YoY, while EBITDA UP 3.1% YoY, missing estimates by 6.4%. • Underlying volume growth at 10.7%, while gross margin contracts 650 bps YoY due to higher input costs. • Additional price hikes of 3–5% and easing VAM prices expected to support H2 margin recovery. • Cuts FY27–29 EPS estimates by 1–1.7%; expects FY27 EBITDA margin at the higher end of 20–24% guidance.
PIDILITE INDUSTRIES LTD