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Informist, Thursday, May 7, 2026

 

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--Pidilite Ind Jan-Mar consol net profit INR 5.79 bln 
--Analysts saw Pidilite Jan-Mar consol net profit at INR 5.26 bln 
--Pidilite Ind Jan-Mar consol revenue INR 35.83 bln 
--Analysts saw Pidilite Jan-Mar consol revenue at INR 38.83 bln 
--Pidilite Jan-Mar consol net profit INR 5.79 bln vs INR 4.22 bln year ago 
--Pidilite Jan-Mar consol revenue INR 35.83 bln vs INR 31.41 bln year ago 
--Pidilite to pay INR 11.50 per share dividend 
--Pidilite FY26 consol net profit INR 24.49 bln vs INR 20.76 bln year ago 
--Pidilite FY26 consol revenue INR 146.01 bln vs INR 131.40 bln year ago 
--Pidilite Q4 consumer, bazaar revenue INR 27.56 bln vs INR 23.98 bln yr ago 
--Pidilite Q4 business-to-business sales INR 8.65 bln vs INR 8.09 bln yr ago 
--Pidilite Jan-Mar underlying volume rose 15.3% on year 
--Pidilite Jan-Mar consol EBITDA INR 8.33 bln, up 31.6% on year 
--Pidilite Jan-Mar consol EBITDA margin 23.3% vs 20.2% year ago 
--Pidilite Q4 consumer, bazaar underlying volume growth 15.4% on year 
--Pidilite: Q4 consol gross margin up 160 bps YoY due to lower input costs 

 

By Gunjan Rajput

 

NEW DELHI – Pidilite Industries Ltd. reported a sharp rise in its consolidated net profit for the March quarter, beating analysts' estimates, but a moderate increase in revenue, missing the Street view. The growth in net profit was the strongest in four quarters. The revenue growth was the sharpest in 14 quarters. The rise in net profit and revenue was driven by growth in both of the company's segments--consumer and bazaar, and business-to-business.

 

The Fevicol maker reported a consolidated net profit of INR 5.79 billion for the March quarter, up 37% from INR 4.22 billion for the year-ago quarter. Analysts had estimated the company's net profit at INR 5.26 billion. The consolidated revenue from operations rose over 14% on year to INR 35.83 billion, compared with analysts' estimate of INR 38.83 billion. In the March quarter of 2025, the company had reported revenue of INR 31.41 billion.

 

The adhesives and construction chemicals maker's consumer and bazaar business, its largest segment, posted consolidated revenues of INR 27.56 billion, up nearly 15% on year, for the reporting quarter. The revenue from the business-to-business segment rose nearly 7% on year to INR 8.65 billion.

The company reported earnings before interest, tax, depreciation, and amortisation of INR 8.33 billion for the quarter, up nearly 32% on year. The company's EBITDA margin expanded to 23.3% from 20.2% in the year-ago quarter. The gross margins improved by about 160 basis points compared to the March quarter a year ago on lower input costs, the company said.

 

"The project business maintained its growth momentum. Industrial products export revenue was impacted due to the Middle East (West Asia) conflict," the company said in its presentation.

 

The total income for the March quarter of Pidilite Industries rose over 13% on year to INR 36.48 billion. The total expenditure rose by over 9% to INR 28.62 billion. Within this, raw material costs, which accounted for nearly 53% of total expenses, grew over 8% on year to INR 15.15 billion. The cost of purchase of stock-in-trade rose over 49% on year to INR 2.47 billion. The employee benefit expenses rose 5% on year to INR 4.80 billion.

 

The company's underlying volumes grew 15.3% on year during the March quarter. The volumes of its domestic subsidiaries grew 5.3% and those of the international subsidiaries grew 7.8% in the quarter. 

 

On a standalone basis, the company's consumer and bazaar business revenue grew 15.9% in the March quarter with underlying volume growth at 15.4% and the business-to-business revenue grew 9.3% with underlying volume growth of 14.8%.

 

"Other Income, as a percentage of sales, is lower by about 230 basis points on account of lower investment returns due to rising bond yield and lower dividends from subsidiaries," the company added in its investor presentation. 

 

For the financial year 2025-26 (Apr-Mar), the company reported a consolidated net profit of INR 24.49 billion, up nearly 18% on year. The consolidated revenue rose over 11% to INR 146.01 billion. The company's board approved a dividend of INR 11.50 per equity share for FY26.

 

The company announced its March quarter results after market hours. Its shares ended at INR 1,450.40 on the National Stock Exchange, up over 2% from Wednesday.   End

 

Edited by Rajeev Pai

 

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