Pidilite Industries Profit Jumps 12% on Strong Demand and Lower Input Costs

Pidilite Industries reported a 12% year-on-year rise in quarterly profit, driven by steady demand for adhesives and sealants along with easing raw material costs. Consolidated net profit climbed to ₹6.18 billion for the quarter ended December 31, compared with ₹5.52 billion a year earlier. Net sales rose 10.2% during the period, marking the company’s eighth consecutive quarter of bottom-line growth.

Gross margins improved to 55.7% from 53.7% a year earlier, supported by softer input prices, particularly vinyl acetate monomer, a key raw material used in adhesive manufacturing. Revenue increased 10% to ₹37.1 billion. The consumer and bazaar segment — contributing over 78% of total revenue — grew 11%, while the business-to-business segment recorded a more modest 2.7% rise.

The company maintained an optimistic outlook on domestic demand, citing improving urban consumption trends and momentum in construction-related categories. Managing Director Sudhanshu Vats said the operating environment is expected to strengthen further, aided by favourable monsoons and the indirect benefits of GST-related reforms. Shares of Pidilite Industries closed 1.1% higher ahead of the earnings announcement.

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