Pidilite stands out for its market-leading position in the adhesives market, however, the brokerage believes the current valuation limits the upside potential.
Pidilite Industries reported consolidated revenue growth of 8% YoY in Q3 FY25, with underlying volume growth of 10% (estimate 9%).
(Source: Company website)
Pidilite’s core categories still enjoy GDP multiplier; the advantage of penetration and distribution can help the company deliver healthy volume-led growth in the medium term.