Pidilite Industries has entered a distribution agreement with CollTech Group

Pidilite Industries Limited’s strong position in both local and international markets has allowed it to lead the adhesives industry globally. The company sells a variety of goods, some of which are marketed under well-known, trustworthy brands like M-Seal, Fevikwik, and Fevicol. Pidilite’s commitment to innovation and sustainability has made it a leader in the adhesives industry. The company continues to expand by launching new products and breaking into new markets.

Expertise of CollTech Group:

A reputable brand in India’s industrial adhesives and sealants market, CollTech Group is committed to producing high-performance adhesives and thermal management solutions. The CollTech Group specialises in producing and marketing thermal management products and high-performance adhesives.

Collaboration between Pidilite Industries Ltd. and CollTech Group:

Pidilite will be the exclusive distributor of CollTech’s extensive product line in India as a result of this partnership. The partnership aims to raise CollTech’s profile in the market and improve Pidilite’s reputation in the Indian electronics industry. The exclusive agreement demonstrates CollTech’s dedication to providing outstanding products and solutions by means of a strategic alliance with Pidilite Industries Ltd. The collaboration intends to increase CollTech’s market share while fortifying Pidilite’s position in the nation’s electronics sector.

The managing director’s vision and statement for Pidilite Industries Ltd.:

Pidilite Industries stated that CollTech “aims to provide even greater value to its customers, ensuring consistent product availability and superior service in India by leveraging the extensive distribution network and market knowledge of Pidilite Industries Ltd.” The managing director of Pidilite Industries, Bharat Puri, stated in August of this year that the company hopes to achieve double-digit volume growth in both its B2B and consumer segments.

Pidilite Industries Limited stock price and performance:

Pidilite Industries Limited stock is currently trading at Rs. 3240 per share, which is almost 1% up in the intraday segment after the agreement with CollTech Group yesterday. The company had reported a consolidated net profit of Rs 571 crore for the June quarter, marking a 21% increase year-on-year. Net sales also saw a 4% rise, reaching Rs 3,384 crore.The shares closed at Rs 2,293.10 on October 26, 2023, and Rs 3,277.80 on August 8, 2024, respectively, marking their 52-week high and low. At the moment, the stock is trading 41.18% above its 52-week low and 1.23% below its 52-week high.

Conclusion: Collaboration between Pidilite Industries Ltd. and CollTech Group will give new strength to the adhesives and sealants market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.