Pidilite Industries500331Adhesives and chemicals
Pidilite raised Fevicol prices by about 5 rupees per kg (1.5-2%) across products, the third hike this year, according to channel checks
By ScoutQuest · · 1 min read
- Price hike
- 5 rupees per kg
- Price hike percent
- 1.5 to 2 percent
- Input cost surge
- 40 to 50 percent
- Fevicol revenue share
- 40 percent
Heard on business television between 15:48:57 - 15:51:57 IST.
- Price hike of about 5 rupees per kg, or 1.5 to 2% across products, this month per channel checks
- Third price increase this year following hikes in May-June and July, plus a discount in August
- Move comes as input costs surged 40-50% for one of the monomers and other crude-linked raw materials
- Fevicol contributes around 40% of Pidilite's revenue and is a high margin business
- Company has not yet commented on the latest price increase
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