New Delhi, March 20 -- Fevicol-maker Pidilite Industries Ltd has held up relatively well amid the recent market downturn. While the benchmark Nifty50 index has dropped 3% so far in 2025, Pidilite's stock has slipped by 6%, cushioned by the company's ability to sustain healthy volume growth despite a challenging demand environment.

At its recent analyst meeting, Pidilite reiterated its goal of achieving double-digit volume growth in the medium term and an Ebitda margin of 20%-24%. For the nine months ending December 2024 (9MFY25), volume growth stood at 9.2%, while the Ebitda (earnings before interest, tax, depreciation, and amortization) margin was just shy of the upper-end 24% mark, keeping the company on track to meet its goal for FY25...