Pidilite Industries plans ₹1,500 cr capex for growth
after close1 source ↓written by the desknot a recommendation
- capital expenditure plan
- ₹1,500 crore
- in consolidated net
- 10% CAGR
- from 2021
- ₹750 crore
Pidilite Industries has announced a ₹1,500 crore capital expenditure plan aimed at achieving 10% CAGR in consolidated net sales over the next decade. The company has previously invested ₹750 crore from 2021 to 2023, supporting its growth strategy named "Building Bonds: Consistent Profitable Growth". This strategy reflects Pidilite's strong historical performance and commitment to sustained profitability.
The planned investment is expected to bolster market confidence and may enhance Pidilite's competitive position in the sector. 📈
Not investment advice. For informational purposes only.