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Pidilite
Pidilite Industries expects a "double digit underlying volume growth' in the second half of the current fiscal, helped by its growth brand steps, along with product innovation and marketing initiatives, its Managing Director Sudhanshu Vats has said. The company expects to continue the momentum in H2 with a higher Ebitda (earnings before interest, taxes, depreciation, and amortisation), as input costs remain benign, Vats said in a post-earnings virtual media roundtable. "We see momentum to continue. Therefore, the underlying double-digit volume growth that we delivered in the first half, we want to continue with that momentum into the second half," said Vats while replying to a query from PTI. The company, which manufactures adhesives, sealants and construction chemicals, had last week reported 9.8 per cent growth in its consolidated net sales to Rs 3,540 crore for the September quarter. Moreover, its Ebitda increased by 24 per cent. The maker of Fevicol, M-Seal, Fevikwik, Dr Fixit,
Pidilite Industries on Thursday said its consolidated net profit increased by 41 per cent to Rs 428 crore in the fourth quarter ended March 31, 2025. The company had reported a net profit of Rs 304 crore for the January-March quarter in FY24. Its total income rose to Rs 3,222 crore for the fourth quarter compared to Rs 2,951 crore for the year-ago period, the company said in a regulatory filing. For the year ended March 31, 2025, the company said its consolidated net profit rose to Rs 2,096 crore against Rs 1,747 crore in 2023-24. The total income increased to Rs 13,388 crore compared to Rs 12,523 crore in FY24. "Despite the challenging macro-economic environment and demand conditions, we have delivered strong underlying volume growth with healthy margins," Pidilite Industries Managing Director Sudhanshu Vats said. "As we look ahead, we continue to remain cautiously optimistic given the domestic operating environment and improving demand conditions, especially in the construction
Leading adhesive and construction chemicals manufacturer Pidilite Industries on Thursday announced the appointment of Sudhanshu Vats as Managing Director designate. Incumbent Bharat Puri will step down in April next year after the completion of his tenure as Managing Director, according to a statement from Pidilite Industries. The board of Pidilite -- maker of Fevicol, Dr Fixit, Fevikwik and M-Seal -- at its meeting held on Thursday approved the appointment of Vats as Managing Director Designate, who is currently Deputy Managing Director of Pidilite Industries. Besides, its board also approved the appointment of Kavinder Singh as Executive Director and Joint Managing Director designate. "They will take charge as Managing Director and Joint Managing Director from April 2025, after the completion of the term of the current Managing Director, Bharat Puri," it said. Singh joins Pidilite Industries from Mahindra Holidays and Resorts India Ltd (MHRIL), where he is currently the Managin
Rural growth, which was lagging after the pandemic, has outpaced urban demand and this trend is likely to continue over the next six months led by a good monsoon, Pidilite Industries Managing Director Bharat Puri said. Moreover, as the inflationary pressure cools down after two years of volatility, Puri said now he sees 'stability' in input prices, which is providing him with a lot more elbow room to invest back into the marketplace. Puri says he is "increasingly optimistic" as he looks forward as there is clearly increased construction activity, leading to good demand. The company, which recently entered into the Paints market and has a presence in 2-3 states, would expand further to other markets based on consumer responses. It is an organic business for Pidilite, which will grow steadily, he added. When asked about the current quarter (July-September), Puri said there has been disruption at some places due to rains. "Q2 up to now has been a very unnatural quarter simply because
Pidilite Industries is "cautiously optimist" and expects a better margin with a volume-driven growth in FY24, helped by a comeback of rural and semi-urban demand and increased activities in the real estate sector, said its Managing Director Bharat Puri. Leading adhesive, waterproofing solutions and construction chemicals company said now the inflation has come to a "manageable level" though it has not come back to pre-Covid levels. Besides, the company which recently announced foraying into the decorative paints segment, said it has a long-term perspective for it and would utilise its existing sales network. Pidilite is already present in the coatings business. When asked about FY24, Puri told PTI: "From a margin perspective, FY24 will definitely be better than FY23, barring any black swan events or something new happening in the world." Pidilite, which owns adhesives brands such as Fevicol, FeviKwik, M-Seal and Dr Fixit, has already consumed the raw material which was earlier sour