//Pidilite Industries – Q4 FY19 Net sales grew by 11% QoQ and reports a Net sales growth of 17% in FY19.

Pidilite Industries – Q4 FY19 Net sales grew by 11% QoQ and reports a Net sales growth of 17% in FY19.

Commenting on the quarter performance, Mr. Bharat Puri, Managing Director, Pidilite Industries Ltd, said:

“While this quarter has seen some moderation In growth as a result of slower near term market growth, we have delivered double digit volume growth for the year. While gross margins have improved sequentially, they still remain below last year as a result of Input cost Inflation and rupee depreciation. We remain continuously optimistic In the medium term of delivering consistent, profitable volume led growth.”