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Earnings Call Transcript

Pidilite Industries Earnings Call Transcript: Key Takeaways

Pidilite delivered strong Q4 performance with 15.3% volume growth, though margins face immediate pressure from West Asia geopolitical conflicts impacting supply chains and raw material inflation.

Guidance and delivery
Management target Revenue 11.3% FY26
Highlights
Revenue growthRevenue grew 15.3% YoY, underpinned by strong 15.3% volume growth.
MarginsEBITDA margin expanded 280 bps YoY to 23.4% despite supply disruptions.
Demand visibilityStrong urban demand buoyancy; rural growth consistently leading ahead of urban.
Management confidenceConfident but cautious regarding West Asia conflict and input cost volatility.

Growth

Stand-alone revenue grew 15.3% with identical underlying volume growth; EBITDA expanded 31.1%.

Outlook

FY26 UVG reached 11.3%; management aims for continued 100-120 bps systematic growth acceleration.

Risks

VAM prices surged 70% due to West Asia conflict; Nina waterproofing segment declined 16%.

Source

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

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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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