Pidilite Industries reports standalone comparable sales growth of 11.2 pct and EBITDA growth of 21.3%

Pidilite Industries Limited, India's leading manufacturer of adhesives, sealants and construction chemicals today announced its financial results for the quarter ended September 30, 2017.

Financial Performance

Standalone Performance

Net sales at Rs. 1,348 Cr grew by 11.2 percent over same quarter last year with underlying volume and mix growth at 12 percent. This was driven by 15 percent growth in sales volume and mix of consumer and bazaar products and 1 percent decline in sales volume and mix of industrial products.

EBITDA, before non-operating income, at Rs. 373 Cr is higher by 21.3 percent over the same quarter last year.

Profit after tax in current quarter is Rs. 261 Cr increased by 15.4 percent over same quarter in the last year.

Consolidated Performance

Net sales at Rs. 1,514 Cr grew by 9 percent over the same quarter last year (excluding the sales of cyclo division of Pidilite USA Inc., which was sold by Pidilite USA in June, 2017).

EBITDA, before non-operating income, stood at Rs. 377 Cr for the quarter and grew by 16.9 percent over same quarter last year.

Profit after tax in current quarter is Rs. 253 Cr increased by 9.4 percent over same quarter in the last year.

"In a challenging business environment, we delivered strong overall performance. This quarter saw double digit growth in underlying volume and mix. We remain cautiously optimistic for the future and remain focused on driving profitable volume growth," said Managing Director, Pidilite Industries Ltd., Bharat Puri.