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Pidilite Industries anticipates a quick recovery in its US exports, which slowed in Q3 FY'26, following the India-US tariff revision, said its Managing Director Sudhanshu Vats on Wednesday. The company expects to continue its 'double-digit underlying volume growth' in the fourth quarter, and in the coming fiscal year, FY'27, he said in a post result briefing. Pidilite Industries on Tuesday declared its earnings for the December quarter, in which it reported a 12 per cent rise in consolidated net profit at Rs 623.84 crore on a year-to-year basis. Its revenue from operations stood at Rs 3,709.91 crore, up 10.12 per cent. During the quarter, Pidilite's industrial products revenue under its Business to Business (B2B) was impacted by lower exports. Its EBIT also declined in Q3 by 77 bps due to slower exports. When asked about the impact of the India-US deal, Vats said: "Our export component, fortunately for us, is small, but we do export to the US. That has slowed down quite a lot." "A
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 reported an 8.2 per cent rise in consolidated net profit to Rs 584.6 crore in the second quarter ended September 30. The company had posted a consolidated net profit of Rs 540.3 crore in the second quarter of the last fiscal, Pidilite Industries, manufacturer of adhesives, sealants and construction chemicals, according to a regulatory filing. Its consolidated revenue from operations in the second quarter stood at Rs 3,554.44 crore against Rs 3,234.91 crore in the year-ago period, it added. The total expenses in the quarter under review stood at Rs 2,816.94 crore compared to Rs 2,565.71 crore a year ago, the company said. Pidilite Industries Managing Director Sudhanshu Vats said the company delivered double-digit underlying volume growth with sequential improvement and healthy operating margins, even in a challenging macro-economic environment. "As we look ahead, we remain optimistic. The domestic operating environment is expected to improve, aided b
Pidilite Industries Ltd on Wednesday reported an increase of 17.83 per cent in consolidated net profit at Rs 540.30 crore for the second quarter ended September 30, 2024 helped by benign input prices and volume growth. The company, which manufactures adhesives, sealants and construction chemicals, had logged a profit of Rs 458.53 crore in the July-September period a year ago, the company said in a regulatory filing. Its revenue from operations was up 5.16 per cent at Rs 3,234.91 crore during the quarter under review. It was at Rs 3,076.04 crore in the corresponding quarter a year ago. Pidilite Industries' total expenses was at Rs 2,565.71 crore, up 3.26 per cent in the September quarter. Total income of Pidilite Industries, which includes other income, was up 5.93 per cent to Rs 3,292.03 crore. The current quarter's revenue growth is aided by a UVG (Underlying Volume Growth) of 8 per cent, said Pidilite Industries in its earnings statement. "Input prices remained benign, resultin