PIDILITIND

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

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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) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES Q2 CONSOL NET PROFIT 5.35 BILLION RUPEES; IBES EST. 5.29 BILLION RUPEES

• PIDILITE INDUSTRIES Q2 CONSOL REVENUE FROM OPERATIONS 32.35 BILLION RUPEES; IBES EST. 32.73 BILLION RUPEES

Source text for Eikon: ID:nBSE3fC49z

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

• PIDILITE INDUSTRIES Q1 CONSOL NET PROFIT 5.67 BILLION RUPEES; IBES EST. 5.32 BILLION RUPEES

• PIDILITE INDUSTRIES Q1 CONSOL REVENUE FROM OPERATIONS 33.95 BILLION RUPEES; IBES EST. 34.83 BILLION RUPEES

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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

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

• PIDILITE INDUSTRIES MARCH-QUARTER CONSOL NET PROFIT 3.01 BILLION RUPEES

• PIDILITE INDUSTRIES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 29.02 BILLION RUPEES

• PIDILITE INDUSTRIES MARCH-QUARTER YEAR AGO CONSOL NET PROFIT 2.83 BILLION RUPEES, REVENUE 26.89 BILLION RUPEES

• PIDILITE INDUSTRIES LTD - DIVIDEND 16 RUPEES PER SHARE

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

• GOT TAX ORDER IMPOSING FINE OF 1 MILLION RUPEES

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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

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

• GET 2 TAX PENALTIES OF 1.6 MILLION RUPEES EACH

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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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BENGALURU, Jan 23 (Reuters) - India's Pidilite Industries PIDI.NS posted a nearly 68% jump in third-quarter profit on Tuesday, the adhesive maker's biggest year-over-year growth in nine quarters, driven by sustained demand and easing costs.

Consolidated net profit rose to 5.10 billion rupees ($61 million) in the October-December period from 3.04 billion rupees a year earlier, the maker of Fevicol brand of adhesive said.

The rising construction and infrastructure activity in the country drove demand for construction chemicals, which benefited industrial adhesives and chemical manufacturers like Pidilite.

The company's revenue increased 4% to 31.30 billion rupees during the quarter.

Sales increased 5% in its consumer and bazaar business, which accounts for nearly 81% of the total revenue. The segment houses Fevicol and the company's waterproofing brand Dr. Fixit.

A drop in the average price of vinyl acetate monomer, a crucial raw material for adhesives, helped pull down Pidilite's total costs by 4%.

The company's shares closed down 5.8% ahead of results. They rose 11.3% in the third quarter.

($1 = 83.1250 Indian rupees)

(Reporting by Yagnoseni Das and Kashish Tandon in Bengaluru; Editing by Eileen Soreng)

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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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BENGALURU, Nov 8 (Reuters) - India's Pidilite Industries PIDI.NS on Wednesday posted a jump in second-quarter profit on the back of lower costs, and said it would enter the lending business.

The Fevicol-maker posted a consolidated net profit of 4.5 billion rupees ($54.1 million) for the quarter ended Sept. 30, up over 35% from last year.

Profit growth was helped by an over-50% decline in prices of vinyl acetate monomer (VAM), a key raw material for adhesives, which analysts said helped adhesive makers keep costs under control.

Pidilite's expenses fell nearly 4%, while revenue grew 2.2%.

The company, which commands a lion's share of India's adhesive market, acquired Pargro Investments for 100 million rupees for the new lending business, and said it would invest one billion rupees over the next two years.

Pidilite said Pargro, a non-banking financial company, does not have any lending operations presently and is debt-free as on Oct. 31.

"The new business would provide credit to the domain ecosystem to support their business growth," the company said in a statement.

The company had in August said it expected growth to be volume-led in the near term with increased construction activity and stable input prices.

Revenue at its consumer and bazaar segment, which accounts for over 80% of Pidilite's topline, grew 3%, while revenue from its business-to-business segment fell over 1%.

Shares of the company closed up 1.43% ahead of the results.

($1 = 83.2620 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Varun H K)

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

• TOY COMPANY IMAGIMAKE RAISES 200 MILLION RUPEES FROM PIDILITE VENTURES

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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

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

• ASSISTANT COMMISSIONER OF CENTRAL TAX, PUNE IMPOSED PENALTY OF 264,844 RUPEES UNDER APPLICABLE PROVISIONS OF CGST ACT, 2017

• ORDER PASSED WITH REGARDS TO DISALLOWANCE OF INPUT TAX CREDIT IN MAHARASHTRA FOR M/S. CIPY POLYURETHANES

• GST DEPARTMENT HAS DISALLOWED CO’S CLAIM ON INPUT CREDIT CLAIMED AND RELATED MATTERS

• DEMAND RELATES TO YEAR 2017-18, WHICH WAS BEFORE CIPY BECAME A SUBSIDIARY OF CO

• NO MATERIAL IMPACT ON FINANCIALS, OPERATIONS OR OTHER ACTIVITIES OF CO

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Aug 25 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• UNIT TO MAKE FURTHER INVESTMENT OF 60 MILLION RUPEES IN BUILDNEXT CONSTRUCTION SOLUTIONS

• UNIT'S INVESTMENT BY SUBSCRIBING TO COMPULSORILY CONVERTIBLE PREFERENCE SHARES OF BUILDNEXT

Source text for Eikon: ID:nBSE34cYJc

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BENGALURU, Aug 22 (Reuters) - Indian stationery maker Doms Industries has filed for an initial public offering worth 12 billion rupees ($144.53 million), draft papers filed with the market regulator showed on Tuesday.

Doms will issue new shares worth 3.5 billion rupees, while existing shareholders will sell shares worth 8.5 billion rupees, the draft prospectus showed.

Milan-listed FILA Fabbrica Italiana Lapis ed Affini SpA FILA.MI, which holds a 51% stake in the company, is selling shares worth 8 billion rupees.

Doms, which competes with Kokuyo Camlin KOCL.NS, Linc LINC.NS and Pidilite Industries PIDI.NS, aims to use proceeds from the fresh issue of shares to partly finance the cost of setting up a new manufacturing facility, it said.

Kokuyo Camlin shares surged 71% and Linc 53% so far this year amid strong demand for stationery post the pandemic. They outpaced a 7% rise in the blue-chip Nifty 50 .NSEI, which has retreated from record highs due to moderating foreign inflows, worries over U.S. Federal Reserve's interest rate hikes and growth concerns in China.

Pidilite, which makes industrial adhesives and chemicals, has slipped 2% this year.

Doms posted a net profit of 958.1 million rupees in fiscal 2023, a near seven-fold jump from a year earlier. Its revenue surged 77% to 12.12 billion rupees.

JM Financial, BNP Paribas, ICICI Securities and IIFL Securities are book-running lead managers to Doms' IPO.

($1 = 83.0261 Indian rupees)

(Reporting by Chris Thomas in Bengaluru; Editing by Shilpi Majumdar)

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Aug 10 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• INDIA’S PIDILITE INDUSTRIES JUNE-QUARTER CONSOL NET PROFIT 4.68 BILLION RUPEES VERSUS PROFIT 3.54 BILLION RUPEES

• PIDILITE INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 32.75 BILLION RUPEES VERSUS 31.01 BILLION RUPEES

Source text for Eikon: ID:nBSE6C4K4c

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