Written by Pidilite Industries Ltd, the renowned adhesives and construction chemicals giant, is set to deliberate on a bonus share issue for the first time in 15 years. The proposal will be taken up during the company’s board meeting scheduled for today, signaling a potential move to reward its long-term shareholders.
This significant corporate development comes on the heels of the company’s strong financial expectations for the June quarter. Pidilite anticipates a 9% year-on-year increase in revenue, driven by robust demand across consumer and industrial segments. Additionally, the company projects a 7.5% rise in EBITDA, highlighting efficient operations and sustained growth momentum.
Market analysts view the potential bonus issue as a positive signal of management’s confidence in future cash flows and the company’s healthy balance sheet. If approved, the bonus issue would mark a notable milestone, as the last such issuance occurred more than a decade ago.
Pidilite Industries has long maintained a dominant position in the Indian adhesives market, with flagship brands like Fevicol, Dr. Fixit, and M-Seal enjoying widespread consumer trust. The company’s ongoing innovation, distribution strength, and brand equity continue to drive consistent performance.
Investors and market watchers are keenly awaiting the outcome of the board meeting, which could not only impact the company’s shareholding structure but also influence stock performance in the near term.
Further announcements are expected following the conclusion of the board meeting later today.