Pidilite Industries has entered into a distribution agreement with CollTech Group, a manufacturer of high performance adhesives and thermal management solutions. Under this partnership, Pidilite will serve as the exclusive distributor of CollTech's extensive range of products in India. This collaboration is aimed to enhance CollTech's market presence and further expand Pidilite's position in the electronics industry in India. Powered by Capital Market - Live

Laxmi Organic Industries Ltd, DCM Shriram Ltd, Authum Investment & Infrastructure Ltd, Triveni Turbine Ltd are among the other stocks to see a surge in volumes on BSE today, 08 August 2024.Pidilite Industries Ltd recorded volume of 50162 shares by 10:46 IST on BSE, a 6.42 times surge over two-week average daily volume of 7815 shares. The stock gained 2.11% to Rs.3,220.25. Volumes stood at 14886 shares in the last session.Laxmi Organic Industries Ltd witnessed volume of 6.77 lakh shares by 10:46 IST on BSE, a 6.01 times surge over two-week average daily volume of 1.13 lakh shares. The stock increased 7.28% to Rs.275.55. Volumes stood at 1.31 lakh shares in the last session.DCM Shriram Ltd registered volume of 39566 shares by 10:46 IST on BSE, a 5.9 fold spurt over two-week average daily volume of 6707 shares. The stock rose 7.47% to Rs.1,177.45. Volumes stood at 16743 shares in the last session.Authum Investment & Infrastructure Ltd witnessed volume of 25516 shares by 10:46 IST on BSE, a 5.33 times surge over two-week average daily volume of 4789 shares. The stock increased 6.09% to Rs.1,139.10. Volumes stood at 8523 shares in the last session.Triveni Turbine Ltd notched up volume of 1.37 lakh shares by 10:46 IST on BSE, a 3.25 fold spurt over two-week average daily volume of 42098 shares. The stock rose 7.51% to Rs.685.95. Volumes stood at 1.15 lakh shares in the last session.Powered by Capital Market - Live

Net profit of Pidilite Industries rose 21.10% to Rs 566.92 crore in the quarter ended June 2024 as against Rs 468.16 crore during the previous quarter ended June 2023. Sales rose 3.67% to Rs 3395.35 crore in the quarter ended June 2024 as against Rs 3275.11 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales3395.353275.11 4 OPM %23.9121.56 - PBDT854.05717.55 19 PBT769.63644.12 19 NP566.92468.16 21 Powered by Capital Market - Live

Revenue from operations increased 3.67% YoY to Rs 3,395.35 crore during the quarter. Profit before tax (PBT) climbed 19.49% YoY to Rs 769.63 crore in Q1 FY25. During the quarter, EBITDA before non-operating income stood at Rs 813 crore, up 15% over the same quarter last year. For the quarter, underlying volume growth (UVG) was 9.6% with B2B businesses reporting UVG of 18% driven by both Domestic and Export segments. C &B businesses UVG was 8%. The growth in Emerging India continued to be higher than in Urban Markets. Value growth lagged UVG due to pricing actions taken as a result of softer input prices. Revenue from International subsidiaries (excluding Pidilite USA and Pulvitec Brazil) grew 9% along with improvement in EBITDA Margins by 189 bps over Q1 FY24. Domestic subsidiaries revenues remained flat with healthy EBITDA margins. The company said that it continued to invest in its brands, upgrading and building new manufacturing facilities and expanding its distribution network. Bharat Puri, managing director, Pidilite Industries, said, 'Despite challenging economic conditions because of election related impact as well as severe heat wave conditions in most parts of the country, we delivered robust UVG as well as healthy profitability in this quarter. Given a healthy monsoon and the ensuing festival season, we remain optimistic on market demand and our ability to deliver robust growths. We will continue to invest in growth facing initiatives as well as building a resilient supply chain.' Pidilite Industries is a leading manufacturer of adhesives and sealants, construction chemicals, craftsmen products, DIY (Do-It-Yourself) products and polymer emulsions in India.Powered by Capital Market - Live