Q1 2020 Pidilite Industries Ltd Earnings Call Transcript

Aug 07, 2019 / 10:30AM GMT
Gaurav Jogani - Axis Capital Limited - Assistant VP

Good afternoon, everyone, and I would like to welcome, on behalf of Axis Capital, all of you. We have with us from the management today, Mr. Apurva Parekh.

We'll start with a small introduction about the quarterly results. And after that, we can take the question-and-answers. Thank you, and over to you, sir.

Apurva Narendrakumar Parekh - Pidilite Industries Limited - Whole-Time Director

Good afternoon, everyone, and thank you for joining the conference call today. Despite in -- despite challenging demand conditions, we have delivered resilient performance, driven by consumer franchise expansion in rural and small towns, earlier pricing actions and moderation in input costs. We remain cautiously optimistic in the medium-term while delivering consistent, profitable, volume-led growth.

The net sales for the quarter grew by 11%, with underlying sales volume and mix growth of 6.3%. This was driven by 6% growth in sales volume and mix of Consumer & Bazaar product and 12% growth in volume and

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