Pidilite’s stock price is in focus as Nuvama maintains a ‘buy’ rating, setting a target price of ₹3,660, implying a 33.34% upside from the current market price (CMP) of ₹2,745.00.
Key takeaways from Pidilite’s management meet include:
- Expansion in new categories: The paints business ‘Haisha’ and Unofin (JV with Grupo Puma of Spain) are expected to be the next growth drivers.
- Market leadership in adhesives: ‘Roff’ is set to cement itself as a leader in tile & stone solutions.
- Strategic partnerships: Collaboration with ‘CollTech’ opens huge opportunities in electronics and EV adhesives.
- Demand outlook: Management remains cautiously optimistic, expecting urban demand to improve from Q2FY26, driven by tax benefits in the union budget and softer food inflation.
Pidilite’s analyst meet is scheduled for March 18, where further updates on growth strategies and market expansion are expected.
Disclaimer: The views and investment recommendations in this article are sourced from brokerage reports. Business Upturn does not provide investment advice. Readers should consult financial experts before making any investment decisions.
