Pidilite maintains growth amid challenges

Although the Nifty Next 50 has fallen by 9% so far in 2025, Pidilite's stock has dropped by 6%, thanks to its ability to maintain solid volume growth. The company has reiterated its target of double-digit volume growth and an EBITDA margin of 20-24%. For 9MFY25, volumes grew by 9.2%, with the EBITDA margin approaching 24%, keeping it on track to meet its FY25 goal.