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Earnings Call

Pidilite Industries Earnings Call: Key Takeaways

Pidilite delivered strong Q4 performance with 15.3% volume growth, though management is now navigating sharp raw material inflation from West Asia conflicts through aggressive price hikes.

Highlights
Revenue growthRevenue grew 15.3% YoY; volume-led growth across C&B and B2B segments.
MarginsEBITDA margin expanded 280 bps YoY to 23.4% due to low-cost inventory.
Demand visibilityStrong urban buoyancy; rural growth continues to outperform previous years.
Management confidenceBalanced; optimistic about urban demand but cautious on geopolitical raw material risks.

Growth

Stand-alone revenue grew 15.3% driven by double-digit volume growth in core Fevicol and growth categories like Roff.

Outlook

Management aims for double-digit volume growth and maintains an 18-24% EBITDA margin corridor for FY27.

Risks

VAM prices surged 70% due to geopolitical conflict; prolonged West Asia instability threatens volume recovery through price-led demand contraction.

Source

Earnings Call filed with BSE, NSE: PIDILITIND. Summary written with AI assistance from the document.

Read the document ↗

Pidilite Industries Ltd: key numbers

Share price
₹1,517.20
Market cap
₹1,54,533 Cr
Revenue (annual)
₹14,601 Cr
Net profit (annual)
₹2,449 Cr
P/E (TTM)
58.3×Sector 37.5×
Promoter holding
69.24%-0.08% QoQ
FII holding
11.69%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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