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Pidilite Industries Results: Latest Quarterly Results & Analysis

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Pidilite Industries Ltd. 31 Oct 2025 11:29 AM
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Q2FY26 Quarterly Result Announced for Pidilite Industries Ltd.

Specialty Chemicals company Pidilite Industries announced Q2FY26 results

  • Net sales for the quarter at Rs 3,540 crore grew by 9.8% over Q2FY25.
  • Gross Margins improved by 67 bps compared to Q2FY25 due to lower input costs.
  • EBITDA before non-operating income at Rs 851 crore grew by 10.7% over Q2FY25.
  • PAT: Rs 585 crore compared to Rs 540 crore during Q2FY25.

Sudhanshu Vats, Managing Director, Pidilite Industries, said: “The Company delivered double digit underlying volume growth with sequential improvement and healthy operating margins, even in a challenging macro-economic environment. As we look ahead, we remain optimistic. The domestic operating environment is expected to improve, aided by favourable monsoons, and the indirect cascading impact of GST 2.0 on our demand coupled with accelerated growth in the construction sector driven by benign interest rates and enhanced liquidity. At the same time, we remain vigilant to geopolitical developments, given their potential to disrupt supply chains and create uncertainty around global tariffs.

We are firmly committed to our strategic agenda of driving consistent, profitable, volume-led growth through continued investment in our brands, supply chain, and people.”

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Specialty Chemicals company Pidilite Industries announced Q1FY26 results

Q1FY26 Consolidated Financial Highlights:

  • Net sales at Rs 3,742 crore grew by 10.6% over Q1FY25.
  • EBITDA before non-operating income at Rs 941 crore grew by 15.8% over Q1FY25.
  • Profit before Tax and Exceptional Items (PBT) at Rs 916 crore grew by 19.1% over Q1FY25.
  • Profit after Tax (PAT) at Rs 678 crore grew by 18.7% over Q1FY25.

Q1FY26 Standalone Financial Highlights:

  • Net sales at Rs 3,467 crore grew by 10.6% over Q1FY25.
  • EBITDA before non-operating income at Rs 888 crore grew by 15.2% over Q1FY25.
  • Profit before Tax and Exceptional Items (PBT) at Rs 879 crore grew by 18.5% over Q1FY25.
  • Profit after Tax (PAT) at Rs 650 crore grew by 17.8% over Q1FY25.

Sudhanshu Vats, Managing Director, Pidilite Industries, said: “Despite the challenging macro-economic demand environment, we have delivered strong underlying volume growth and healthy operating margins.

As we look ahead, we continue to remain cautiously optimistic as the domestic operating environment improves with good monsoons, steady demand conditions especially in the construction sector, lower interest rates and recent measures to improve liquidity. We however remain watchful of geopolitical developments with its likely impact on supply chain disruptions and uncertainty around global tariffs.

We remain committed to our strategic agenda of delivering consistent, profitable volume led growth through investment in our brands, supply chain and people.”

Result PDF

Specialty Chemicals company Pidilite Industries announced Q4FY25 & FY25 results

Consolidated Q4FY25 Financial Highlights:

  • Net sales at Rs 3,130 crore grew by 10% (excluding Pidilite USA and Pulvitec Brazil) over the same quarter last year.
  • EBITDA before non-operating income at Rs 633 crore grew by 10% over the same quarter last year.
  • Profit before Tax and Exceptional Items (PBT) at Rs 601 crore grew by 21% over the same quarter last year.
  • Profit after Tax (PAT) at Rs 428 crore grew by 41% over the same quarter last year. It may be noted that last year, there was an exceptional loss of Rs 72 crore on account of divestment of Brazil subsidiary. In the current year, there is an exceptional loss of Rs. 25 crore, mainly on account of impairment of loan and investment in an associate entity.

Consolidated FY25 Financial Highlights:

  • Net sales for the current year stood at Rs 13,094 crore, grew by 8% (excluding Pidilite USA and Pulvitec Brazil) over last year.
  • EBITDA before non-operating income for the current year stood at Rs 3,013 crore, grew by 11% over last year.
  • Profit before Tax and Exceptional Items (PBT) for the current year stood at Rs 2,848 crore, grew by 16% over last year.
  • Profit after Tax (PAT) for the current year at Rs 2,096 crore, grew by 20% over last year.

Standalone Q4FY25 Financial Highlights:

  • Net sales at Rs 2,839 crore grew by 10% over the same quarter last year.
  • EBITDA before non-operating income at Rs 584 crore grew by 11% over the same quarter last year.
  • Profit before Tax and Exceptional Items (PBT) at Rs 606 crore grew by 31% over the same quarter last year.
  • Profit after Tax (PAT) at Rs 446 crore grew by 26% over the same quarter last year. It may be noted that last year, there was an exceptional gain of Rs 7 crore on account of share buyback of USA subsidiary and divestment of Brazil subsidiary. In the current year, there is an exceptional loss of Rs 20 crore, mainly on account of impairment of loan to an associate entity.

Standalone FY25 Financial Highlights:

  • Net sales for the current year stood at Rs 12,023 crore, grew by 8% over last year.
  • EBITDA before non-operating income for the current year stood at Rs 2,835 crore, grew by 11% over last year.
  • Profit before Tax and Exceptional Items (PBT) for the current year stood at Rs 2,786 crore, grew by 16% over last year.
  • Profit after Tax (PAT) for the current year at Rs 2,074 crore, grew by 15% over last year.

Commenting on the results, Sudhanshu Vats, Managing Director, Pidilite Industries said: “Despite the challenging macro-economic environment and demand conditions, we have delivered strong Underlying Volume Growth with healthy margins.

As we look ahead, we continue to remain cautiously optimistic given the domestic operating environment and improving demand conditions, especially in the construction sector, backed by anticipated good monsoon and increase in Government spends. We remain watchful of the impact of uncertain global economic and geo-political conditions. We remain committed to our strategic agenda of delivering consistent, profitable volume led growth through investment in our brands, supply chain and people.”

Result PDF

Specialty Chemicals company Pidilite Industries announced Q2FY25 results

Standalone FInancial Highlights:

  • Net sales at Rs 2,965 crore grew by 7% over the same quarter last year. Net sales for the half year ended stood at Rs 6,099 crore and grew by 7% over the same period last year.
  • EBITDA before non-operating income at Rs 731 crore grew by 14% over the same quarter last year. EBITDA for the half year ended stood at Rs 1,502 crore and grew by 14% over the same period last year.
  • Profit before Tax and Exceptional Items (PBT) at Rs 720 crore grew by 18% over the same quarter last year. PBT for the half year ended stood at Rs 1,462 crore and grew by 18% over the same period last year.
  • Profit after Tax (PAT) at Rs 542 crore grew by 19% over the same quarter last year. PAT for the half year ended stood at Rs 1,094 crore and grew by 19% over the same period last year.

Consolidated FInancial Highlights:

  • Net sales at Rs 3,223 crore grew by 7% (excluding Pidilite USA and Pulvitec Brazil) over the same quarter last year. Net Sales for the half year ended stood at Rs 6,607 crore and grew by 6% (excluding Pidilite USA and Pulvitec Brazil) over the same period last year.
  • EBITDA before non-operating income at Rs 769 crore grew by 13% over the same quarter last year. EBITDA for the half year ended stood at Rs 1,582 crore and grew by 14% over the same period last year.
  • Profit before Tax and Exceptional Items (PBT) at Rs 725 crore grew by 17% over the same quarter last year. PBT for the half year ended stood at Rs 1,495 crore and grew by 18% over the same period last year.
  • Profit after tax (PAT) at Rs 540 crore grew by 18% over the same quarter last year. PAT for the half year ended stood at Rs 1,112 crore and grew by 19% over the same period last year.

Bharat Puri, Managing Director, Pidilite Industries, said: “Despite challenging economic conditions across the first half of the financial year, we have delivered robust Underlying Volume Growth as well as improved profitability.

As we look ahead, we continue to remain optimistic for the second half as a result of the healthy monsoon, increased government spending and growing new construction activity. While we remain watchful of the geo-political situation, we continue to significantly invest in growth facing initiatives as well as building the supply chain of the future.”

Result PDF

Speciality Chemicals company Pidilite Industries announced Q1FY25 results:

Consolidated: 

  • Net sales at Rs 3,384 crore and grew by 4% over the same quarter last year. On a like to like basis (excluding Pidilite USA and Pulvitec Brazil in previous year) Net Sales grew by 6%.
  • EBITDA before non-operating income at Rs 813 crore grew by 15% over the same quarter last year.
  • Profit before Tax and Exceptional Items (PBT) at Rs 770 crore grew by 19% over the same quarter last year.
  • Profit after tax (PAT) at Rs 571 crore grew by 21% over the same quarter last year.

Standalone:

  • Net sales at Rs 3,134 crore grew by 6% over the same quarter last year.
  • EBITDA before non-operating income at Rs 771 crore grew by 15% over the same quarter last year.
  • Profit before Tax and Exceptional Items (PBT) at Rs 742 crore grew by 18% over the same quarter last year.
  • Profit after Tax (PAT) at Rs 552 crore grew by 18% over the same quarter last year.

Commenting on the results, Bharat Puri, Managing Director, Pidilite Industries Ltd, said: “Despite challenging economic conditions because of election related impact as well as severe heat wave conditions in most parts of the country, we delivered robust UVG as well as healthy profitability in this quarter.

Given a healthy monsoon and the ensuing festival season, we remain optimistic on market demand and our ability to deliver robust growths. We will continue to invest in growth facing initiatives as well as building a resilient supply chain.”

Result PDF

Speciality Chemicals company Pidilite Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Consolidated:

  • Net sales: Rs 2,890 crore; higher by 8% over the same quarter last year.
  • EBITDA: Rs 577 crore; up by 26% over the same quarter last year.
  • Profit before Tax and Exceptional Items (PBT): Rs 498 crore; higher by 27% over the same quarter last year.
  • Profit After Tax (PAT): Rs 304 crore; up by 6% over the same quarter last year due to loss (shown as Exceptional Items) on divestment of the Brazil subsidiary.

Standalone:

  • Net sales: Rs 2,576 crore; grew by 9% over the same quarter last year.
  • EBITDA, before non-operating income: Rs 528 crore; up by 21% over the same quarter last year.
  • Profit before Tax and Exceptional Items (PBT): Rs 463 crore; higher by 19% over the same quarter last year.
  • Profit After Tax (PAT): Rs 354 crore; up by 22% over the same quarter last year.

FY24 Financial Highlights:

Consolidated:

  • Net sales: Rs 12,337 crore; grew by 5% over last year.
  • EBITDA, before non-operating income: Rs 2,707 crore; grew by 36% over last year.
  • Profit before Tax and Exceptional Items (PBT): Rs 2,451 crore; grew by 42% over last year.
  • Profit After Tax (PAT): Rs 1,747 crore; up by 36% over last year.

Standalone:

  • Net sales: Rs 11,118 crore; grew by 5% over last year.
  • EBITDA, before non-operating income: Rs 2,550 crore; grew by 37% over last year.
  • Profit before Tax and Exceptional Items (PBT): Rs 2,397 crore; grew by 44% over last year.
  • Profit After Tax (PAT): Rs 1,799 crore; up by 43% over last year.

Commenting on the results, Bharat Puri, Managing Director, Pidilite Industries Ltd, said: “At Pidilite, we delivered robust double digit Underlying Volume Growth (UVG) as well as substantial improvement in profitability, both for the quarter as well as FY24.

Continued investment in our brands, growth and capability initiatives as well as moderation in input prices, contributed to this strong performance.

While there may be short term softness in the environment in near term, we continue to remain optimistic about market demand in the medium term, with overall increase in construction activities, government spending and increasing prosperity.”

Result PDF

Specialty Chemicals company Pidilite Industries announced Q2FY24 & H1FY24 results:

  • Consolidated:
    • Net sales at Rs 3,065 crore grew by 2% over Q2FY23. Net Sales for H1FY24 stood at Rs 6,329 crore and grew by 4% over H1FY23.
    • EBITDA before non-operating income at Rs 680 crore grew by 36% over Q2FY23. EBITDA for H1FY24 stood at Rs 1,387 crore and grew by 35% over H1FY23.
    • Profit before Tax and Exceptional Items (PBT) at Rs 622 crore grew by 42% over Q2FY23. PBT for H1FY24 stood at Rs 1,266 crore and grew by 39% over H1FY23.
    • Profit after tax (PAT) at Rs 459 crore grew by 36% over Q2FY23. PAT for H1FY24 stood at Rs 932 crore and grew by 34% over H1FY23.
  • Standalone:
    • Net sales at Rs 2,768 crore grew by 2% over Q2FY23. Net sales for H1FY24 stood at Rs 5,720 crore and grew by 4% over H1FY23.
    • EBITDA before non-operating income at Rs 643 crore grew by 38% over Q2FY23. EBITDA for H1FY24 stood at Rs 1,314 crore and grew by 38% over H1FY23.
    • Profit before Tax and Exceptional Items (PBT) at Rs 609 crore grew by 41% over Q2FY23. PBT for H1FY24 stood at Rs 1,239 crore and grew by 42% over H1FY23.
    • Profit after Tax (PAT) at Rs 455 crore grew by 35% over Q2FY23. PAT for H1FY24 stood at Rs 922 crore and grew by 38% over H1FY23.

Commenting on the results, Bharat Puri, Managing Director, Pidilite Industries, said, “Despite the challenging operating environment, we delivered good volume growth along with a substantial improvement in profitability. The current quarter's robust UVG was broad-based across categories and geographies. Input prices remained stable resulting in good improvement of gross margins sequentially as well as over last year. We continued to invest in our brands as well as other growth initiatives.

We continue to remain optimistic in the near term with tailwinds coming from the extended festive season, an increase in construction activity as well and the government's focus on capex. Though input prices are currently stable, we remain watchful of the current geo-political situation and its impact on input prices as well as global demand.”

 

Result PDF

Specialty Chemicals company Pidilite Industries announced Q1FY24 results:

  • Consolidated Q1FY24:
    • Net sales at Rs 3,264 crore grew by 6% over Q1FY23.
    • EBITDA before non-operating income at Rs 707 crore grew by 34% over Q1FY23.
    • Profit before Tax and Exceptional Items at Rs 644 crore grew by 36% over Q1FY23.
    • Profit after tax at Rs 474 crore grew by 32% over Q1FY23
  • Standalone Q1FY24:
    • Net sales at Rs 2,952 crore grew by 6% over Q1FY23.
    • EBITDA before non-operating income at Rs 671 crore grew by 38% over Q1FY23.
    • Profit before Tax and Exceptional Items at Rs 630 crore grew by 42% over Q1FY23.
    • Profit after Tax at Rs 468 crore grew by 40% over Q1FY23.

Commenting on the results, Bharat Puri, Managing Director, Pidilite Industries, said, "We started the year on a strong note with our domestic consumer businesses delivering robust volume growths. B2B, exports, and international businesses continued to face sluggish demand conditions. A combination of moderating input prices and operational efficiencies saw our gross margins improve substantially. Part of this was reinvested in our brands and growth-facing initiatives.

Looking ahead, growths will largely be volume led. A good monsoon, increased construction activity, and stable input prices enable us to look at the future with increased optimism."

 

Result PDF

Specialty Chemicals company Pidilite Industries announced Q4FY23 & FY23 results:

  • Consolidated Performance:
    • Net sales for FY23 were Rs 11,752 crore and grew by 19% over FY22. Net sales for Q4FY23 at Rs 2,674 crore were higher by 7% over Q4FY22
    • EBITDA, before non-operating income for FY23 at Rs 1,984 crore, grew by 7% over FY22. EBITDA for Q4FY23 stood at Rs 459 crore, up by 14% over Q4FY22
    • Profit before tax and exceptional items (PBT) for FY23 at Rs 1,723 crore, grew by 7% over FY22. PBT for Q4FY23 stood at Rs 393 crore, higher by 13% over Q4FY22
    • Profit after tax (PAT) for FY23 at Rs 1,289 crore was up by 7% over FY22. PAT for Q4FY23 stood at Rs 286 crore, up by 12% over Q4FY22
  • Standalone Performance:
    • Net sales for FY23 were Rs 10,545 crore and grew by 19% over FY22. Net sales for Q4FY23 at Rs 2,366 crore, higher by 7% over Q4FY22
    • EBITDA, before non-operating income for FY23 at Rs 1,855 crore, grew by 5% over FY22. EBITDA for Q4FY23 ended stood at Rs 436 crore, up by 12% over Q4FY22
    • Profit before tax and exceptional Items (PBT) for FY23 at Rs 1,668 crore, grew by 5% over FY22. PBT for Q4FY23 ended stood at Rs 389 crore, higher by 14% over Q4FY22
    • Profit after tax (PAT) for FY23 at Rs 1,257 crore was up by 6% over FY22. PAT for Q4FY23 at Rs 291 crore, up by 15% over Q4FY22

Commenting on the results, Bharat Puri, Managing Director, Pidilite Industries, said: "Despite the challenging environment on both the demand as well as input cost fronts throughout the year, we have delivered broad-based, robust value and volume growth across our businesses in geographies with revenue crossing Rs 11,000 crore for the first time.

The current quarter's revenue growth is primarily driven by domestic demand. Gross margin improved during the quarter enabled by the easing of input prices. This enabled us to reinvest in our brands as well as a route to market.

While the near-term environment is likely to remain uncertain, we look forward to the future with cautious optimism. The moderation in input costs, easing of inflation, and the growth in infrastructure and construction should enable us to deliver volume lead profitable growth. We remain committed to delivering broad-based consistent volume growth while continuing to invest in our brands, building capabilities across the digital landscape as well as building a resilient and future-ready supply chain."

 

 

Result PDF

Specialty Chemicals firm Pidilite Industries announced Q1FY23 Result :

  • Consolidated Net Sales grew by 60% YoY to cross Rs 3,000 crore and PAT grew by 64% YoY
  • Consolidated Performance:
    • Net sales at Rs 3,091 Cr grew by 60% over the same quarter last year.
    • EBITDA before non-operating income at Rs 529 Cr grew by 52% over the same quarter last year.
    • Profit before Tax and Exceptional items (PBT) at Rs 473 Cr grew by 63% over the same quarter last year.
    • Profit after tax (PAT) at Rs 358 Cr grew by 64% over the same quarter last year.
  • Standalone Performance:
    • Net sales at Rs 2,778 Cr grew by 62% over the same quarter last year with underlying sales volume and mix growth of 44%. In this quarter, C&B sales grew by 67% with underlying volume and mix growth of 49% and 51% sales growth in B2B with underlying volume and mix growth of 29%.
    • EBITDA before non-operating income at Rs 487 Cr grew by 50% over the same quarter last year.
    • Profit before Tax and Exceptional Items (PBT) at Rs 443 Cr grew by 59% over the same quarter last year.
    • Profit after Tax (PAT) at Rs 333 Cr grew by 61% over the same quarter last year.

Commenting on the quarter performance, Mr. Bharat Puri, Managing Director, Pidilite Industries Ltd, said: “In this quarter, we have recorded robust value and volume growths which have been broad-based across businesses, categories and geographies. While input costs have continued to be high during this quarter, EBITDA margins remained constant sequentially on account of calibrated pricing, increased sales and effective cost management actions. While the near term remains challenging, we remain cautiously optimistic on the medium term given the recent softening of input prices led by lower oil prices, a good monsoon and continued good demand conditions in the housing and home improvement sector. Our focus continues to be to deliver broad based profitable volume growth.”

Result PDF

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