Pidilite Industries Ltd reported a 20.6% increase in consolidated net profit to Rs 571.27 crore for the first quarter ended June 2024. This compares to Rs 473.69 crore in the same quarter last year. Revenue from operations grew by 3.67% to Rs 3,395.35 crore. The profit boost was driven by lower input costs and improved gross margins. Despite economic challenges, the company remains positive about future growth, supported by a healthy monsoon and festival season. Investors might see value in Pidilite due to its solid profit growth and cost management.
