PIDILITIND

March 9 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• RECEIVES GST PENALTIES WORTH 2.6 MILLION RUPEES AND 1.6 MILLION RUPEES

Source text: ID:nBSE46p92q

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Feb 24 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• UNIT AND INSIGNIA FORM JV IN TANZANIA IN NAME OF PIDILITE INSIGNIA

• UNIT TO HOLD 55% STAKE OF PIDILITE INSIGNIA, INSIGNIA TO HOLD BALANCE 45%

Source text: ID:nBSE8KVsNg

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Feb 13 (Reuters) - Chemicals maker BASF India BASF.NS reported a 1.5% rise in third-quarter profit on Friday, helped by modest demand for specialty chemicals.

Germany's BASF BASFn.DE India unit said its profit rose to 1.05 billion rupees ($11.6 million) from 1.04 billion rupees a year earlier.

The company posted a 6.8% increase in sales.

Revenue from its materials segment — which includes the performance materials and monomers businesses — edged up 0.88%, while sales in its agricultural solutions unit, which sells fungicides such as Priaxor and Merivon, fell 11.7%.

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KEY CONTEXT

The Indian specialty chemicals sector is poised for modest demand growth in the reported quarter, according to analysts.

Despite lingering global headwinds and continued inventory destocking in end‑use segments such as agrochemicals and pharmaceuticals, companies in the chemicals sector are still expected to post low-single‑digit revenue growth.

Growth is supported mainly by steady domestic consumption and a slow recovery in select export markets.

This stability is being driven by sustained volumes in high‑margin product categories and incremental boosts from new capacity additions.

PEER COMPARISON

* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

OCTOBER-DECEMBER PERFORMANCE

-- All data from LSEG

-- $1 = 90.7160 Indian rupees

(Reporting by Yagnoseni Das in Bengaluru; Editing by Harikrishnan Nair)

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Feb 3 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES Q3 CONSOL NET PROFIT 6.18 BILLION RUPEES

• PIDILITE INDUSTRIES Q3 CONSOL REVENUE FROM OPERATIONS 37.1 BILLION RUPEES

Source text: ID:nBSE1JJJ2C

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Aug 6 (Reuters) - India's Pidilite Industries PIDI.NS reported an 18.6% jump in first-quarter profit on Wednesday on healthy demand for its adhesives and sealants.

The company's consolidated net profit rose to 6.72 billion rupees ($76.7 million) for the three months ended June 30 from 5.67 billion rupees in the year-ago quarter.

Analysts noted that demand has been recovering in the adhesives segment and is likely to improve further, along with prices, in the near term.

Easing input costs and steady consumption trends could support margin expansion and topline growth in the coming quarters, they added.

Pidilite, known for brands such as adhesive Fevicol and sealant Dr. Fixit, reported a 10.5% rise in first-quarter revenue to 37.53 billion rupees.

Revenue in the consumer and bazaar segment, which accounts for about 80% of Pidilite's overall sales, grew 9.7%.

The company said it remains cautiously optimistic as domestic conditions improve, supported by a good monsoon, steady demand, especially in the construction sector, lower interest rates, and recent liquidity measures.

However, it continues to monitor geopolitical risks that could disrupt supply chains and global trade.

The company also announced the issue of one bonus equity share for every share held by shareholders, along with a special interim dividend of 10 rupees per share.

($1 = 87.6400 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru; Editing by Janane Venkatraman)

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May 8 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES Q4 CONSOL NET PROFIT 4.22 BILLION RUPEES; IBES PROFIT EST. 4.41 BILLION RUPEES

• PIDILITE INDUSTRIES Q4 CONSOL REVENUE FROM OPERATIONS 31.41 BILLION RUPEES; IBES EST. 31.64 BILLION RUPEES

• PIDILITE INDUSTRIES LTD - DIVIDEND 20 RUPEES PER SHARE

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April 1 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• APPOINTS SUDHANSHU VATS AS MANAGING DIRECTOR

Source text: ID:nBSE4ymRsD

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Feb 7 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• RECEIVES TAX ORDER IMPOSING PENALTY OF 160.3 MILLION RUPEES

Source text: ID:nBSE6xFZmJ

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Jan 22 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• Q3 CONSOL NET PROFIT 5.52 BILLION RUPEES; IBES PROFIT EST. 5.91 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 33.69 BILLION RUPEES; IBES EST. 33.99 BILLION RUPEES

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Dec 30 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES LTD - RECEIVES ORDER IMPOSING PENALTY OF 11.6 MILLION RUPEES

Source text: ID:nBSEbDgK9B

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Oct 23 (Reuters) - India's Pidilite Industries PIDI.NS beat second-quarter profit estimates on Wednesday, helped by a slower rise in input costs.

Pidilite reported a consolidated net profit of 5.35 billion rupees ($63.7 million) in the quarter ended Sept. 30, up 18.8% from a year ago.

Analysts, on average, were expecting a profit of 5.29 billion rupees, as per estimates compiled by LSEG.

The adhesives and sealants maker, which has brands such as Fevicol and Dr. Fixit under its belt, reported a 5.2% rise in revenue to 32.35 billion rupees.

Total expenses rose 3.3% to 25.66 billion rupees with the cost of materials, which makes up more than half the expenses, rising 1.7%.

Prices of vinyl acetate monomer, a key raw material for adhesives, declined 11% during the quarter, Jefferies said in a pre-earnings note.

That, combined with a 7% rise in net consolidated sales, pushed up its bottom line.

Revenue in the consumer and bazaar segment, which accounts for almost 80% of Pidilite's topline, grew 2.9%, while revenue from its business-to-business segment rose 14.3%.

"Input prices remained benign, resulting in expansion of gross margin by 281 bps over the same quarter of the previous year," the company said in a statement.

Shares of Pidilite Industries closed 1.2% lower ahead of the results.

($1 = 84.0550 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru; Editing by Janane Venkatraman)

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Sept 27 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES - PIDILITE VENTURES INVESTS 50 MILLION RUPEES IN WIFY

• PIDILITE INDUSTRIES - PIDILITE VENTURES INVESTS IN HOME IMPROVEMENT, MAINTENANCE PLATFORM

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BENGALURU, Aug 7 (Reuters) - India's Pidilite Industries PIDI.NS beat first-quarter profit estimates on Wednesday, helped by steady demand for its adhesives and sealants and largely flat costs.

Pidilite reported a consolidated net profit of 5.67 billion rupees ($67.4 million) in the April-June quarter, up 21% from a year ago. Analysts were expecting a profit of 5.32 billion rupees, as per LSEG data.

The adhesives maker notched a 3% sales growth in its biggest segment - consumer and bazaar - which consists of the Fevicol adhesive and Dr. Fixit waterproofing products brands.

During the April-June quarter, India witnessed a booming manufacturing sector activity as output increased on robust demand.

This robust demand, particularly in the construction sector, led to heightened consumption of construction-related chemicals such as those made by Pidilite.

The company reported a revenue of 33.95 billion rupees, compared to 32.75 billion rupees a year ago, while total expenses were largely flat at 26.79 billion rupees.

Its earnings before interest, taxes, depreciation and amortization (EBITDA) margin grew by 15% over the same quarter year ago.

"Given a healthy monsoon and the ensuing festival season, we remain optimistic on market demand and our ability to deliver robust growth," Managing Director Bharat Puri said in an earnings statement.

Shares of Pidilite extended its gains, rising as much as 4.6% after the results.

($1 = 83.9575 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru; Editing by Varun H K)

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June 14 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• JV OF CO ENTERED AGREEMENT WITH INDUSTRIA CHIMICA ADRIATICA SPA FOR LICENSING OF CERTAIN UV TECHNOLOGY FROM ICA

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June 13 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PARGRO WILL BE ACQUIRED THROUGH CO'S UNIT BHIMAD COMMERCIAL

• RBI HAS NOW GRANTED APPROVAL TO PARGRO FOR CHANGE IN SHAREHOLDING, CHANGE IN BOARD COMPOSITION OF PARGRO

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May 29 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES LTD - GETS ORDERS FROM ASSISTANT COMMISSIONER OF STATE TAX, MUMBAI IMPOSING TOTAL PENALTY OF 3.9 MILLION RUPEES

Source text for Eikon: ID:nBSE1qDDTw

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BENGALURU, May 7 (Reuters) - India's Pidilite Industries PIDI.NS, which makes Fevicol adhesives and Dr. Fixit waterproofing products, posted a 6.2% jump in fourth-quarter profit on Tuesday, driven by lower input costs.

A healthy real estate sector and rising infrastructure creation are driving demand for construction chemical makers like Pidilite.

The company's consolidated net profit rose to 3.01 billion rupees ($36.07 million) in the quarter ending March 31, which is traditionally its weakest quarter, from 2.83 billion rupees a year earlier.

Its revenue increased 7.9% to 29.02 billion rupees, marking the sixth consecutive quarter of single-digit percentage growth.

Prices of vinyl acetate monomer, a key raw material for adhesives, have fallen steeply since last year, helping bring down the company's cost of materials consumed by 6.8% in the fourth quarter.

Sales rose 6.4% in its consumer and bazaar business segment, which houses the Fevicol and Dr. Fixit brands, and accounts for over 75% of the total revenue.

"While there may be short term softness in the environment in near term, we continue to remain optimistic about market demand in the medium term, with overall increase in construction activities, government spending," Pidilite Industries Managing Director Bharat Puri said in a statement.

The company's shares closed down 0.1% ahead of results.

($1 = 83.4593 Indian rupees)

(Reporting by Yagnoseni Das, Meenakshi Maidas in Bengaluru; Editing by Mrigank Dhaniwala)

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May 6 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• GOT TAX ORDER IMPOSING FINE OF 1 MILLION RUPEES

Source text for Eikon: ID:nBSE7hQcKR

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March 28 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES - EXECUTED AGREEMENT WITH SOPREMA, BRAZIL TO DIVEST ITS ENTIRE SHAREHOLDING IN UNIT, (PULVITEC) IN BRAZIL

Source text for Eikon: ID:nBSE8ytKXT

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March 21 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• GET 2 TAX PENALTIES OF 1.6 MILLION RUPEES EACH

Source text for Eikon: ID:nBSE3Xsxw

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Feb 29 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES LTD - NAMES KAVINDER SINGH AS JOINT MANAGING DIRECTOR DESIGNATE

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Feb 15 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• RECEIVED AN ORDER FROM CUSTOMS DEPARTMENT IMPOSING A FINE OF 500,000 RUPEES AND PENALTY OF 3.3 MILLION RUPEES

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Feb 5 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE'S ROFF EXPANDS FOOTPRINT WITH LAUNCH OF NEW FACTORY IN UTTAR PRADESH

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Jan 23 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• DEC-QUARTER CONSOL NET PROFIT 5.1 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 31.3 BILLION RUPEES

• DEC-QUARTER YEAR AGO CONSOL NET PROFIT 3.04 BILLION RUPEES, REVENUE 29.98 BILLION RUPEES

Source text for Eikon: ID:nNSEbcrFNH

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Jan 15 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PARTNERSHIP WITH ITALY-BASED SYN-BIOS

• PARTNERSHIP TO EXPAND SUPPLY OF ADVANCED LEATHER CHEMICALS

• CO WILL HANDLE SALES AND DISTRIBUTION OF SYN-BIOS PRODUCTS IN INDIA, SRI LANKA, BANGLADESH, NEPAL, AND VIETNAM

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Nov 30 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• GOT ORDER FROM TAX AUTHORITIES IMPOSING PENALTY OF 539,116 RUPEES

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Nov 24 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• TAX AUTHORITY IMPOSES PENALTY OF 3.5 MILLION RUPEES

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Nov 8 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• INDIA’S PIDILITE INDUSTRIES SEPT-QUARTER CONSOL NET PROFIT 4.5 BILLION RUPEES

• PIDILITE INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 30.76 BILLION RUPEES

• PIDILITE INDUSTRIES SEPT-QUARTER YEAR AGO CONSOL NET PROFIT 3.32 BILLION RUPEES, REVENUE 30.11 BILLION RUPEES

Source text for Eikon: ID:nBSE8lr4SM

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Oct 13 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• TOY COMPANY IMAGIMAKE RAISES 200 MILLION RUPEES FROM PIDILITE VENTURES

Source text for Eikon: ID:nBSETS1RY

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Sept 28 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES LTD - PIDILITE VENTURES AGREED TO MAKE AN INVESTMENT OF 200 MILLION RUPEES IN IMAGIMAKE PLAY SOLUTIONS

• PIDILITE INDUSTRIES LTD - INVESTMENT DONE BY SUBSCRIBING TO COMPULSORILY CONVERTIBLE PREFERENCE SHARES

Source text for Eikon: ID:nBSEbDnl46

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