Pidilite Industries posts 8.6 percent growth on consolidated sales, PAT up 15.8 percent

Pidilite Industries Limited, India's leading manufacturer of adhesives, sealants and construction chemicals today announced its financial results for the quarter ended June 30, 2016.

FINANCIAL PERFORMANCE

Consolidated Performance

Gross sales at Rs. 1,684 Cr grew by 8.6 percent over the same quarter last year.

EBITDA, before non-operating income and exceptional items, stood at Rs. 394 Cr for the quarter and grew by 15.2 percent.

Profit after tax in current quarter is Rs. 271 Cr registering a growth of 15.8 percent over same quarter in the last year.

Standalone Performance

Gross sales at Rs. 1,482 Cr grew by 7.1 percent over same quarter last year with underlying volume and mix growth being 9.3 percent. This was driven by 7.6 percent growth in value sales of Consumer and Bazaar products and 4.2 percent growth in value sales of industrial products.

EBITDA, before non-operating income and exceptional items, at Rs. 387 Cr is higher by 18.6 percent over the same quarter last year.

Profit after tax at Rs. 272 Cr is higher than last year by 20.3 percent.

Commenting on the quarter performance, Mr. Bharat Puri, Managing Director, Pidilite Industries Ltd, said: "In the backdrop of a challenging demand environment, we have delivered steady sales volume growth during the quarter. Benign input costs and continued focus on efficiencies have enabled good profit growth.