Pidilite Industries announced its earnings presentation for the quarter ended September 30, 2025. Revenue grew by 10.4% with UVG of 10.3%. Gross Margin improved to 54.3%. Consolidated Revenue grew by 9.8% to ₹3,540 Cr. EBITDA margin at 24% remained consistent. The company launched new products and pursued impactful marketing initiatives, winning awards for creativity and social impact.
Financial Highlights: Q2 FY26
Pidilite Industries reported a revenue growth of 10.4% for the quarter, with underlying volume growth (UVG) at 10.3%. The Consumer and Bazaar segment recorded a UVG of 10.4%. The Business to Business segment had a UVG of 9.9%. Gross Margin stood at 54.3%, an improvement due to lower input prices. EBITDA Margin was 24.7%, consistent with the previous year.
H1 FY26 Performance
For the half-year, revenue growth was 10.5%, supported by a UVG of 10.1%. Consumer and Bazaar segment recorded UVG of 9.8% and Business to Business segment recorded UVG of 11.3%. The EBITDA margin increased to 24.6%.
Earnings Summary
Q2 FY26 (Consolidated):
- Net Sales: ₹3,540 Cr (up 9.8%)
- EBITDA: ₹851 Cr (up 10.7%)
- PBT: ₹788 Cr (up 8.4%)
- PAT: ₹585 Cr (up 8.3%)
H1 FY26 (Consolidated):
- Net Sales: ₹7,283 Cr (up 10.2%)
- EBITDA: ₹1,792 Cr (up 13.3%)
- PBT: ₹1,704 Cr (up 14.0%)
- PAT: ₹1,263 Cr (up 13.7%)
New Product Introduction
Pidilite introduced new products, including a professional Fevikwik range and a professional tile adhesive range with Techno Adapt technology.
Marketing Initiatives
Fevikwik’s AI innovation campaign achieved significant engagement, with 132 Mn views on Meta and 152 Mn views on YouTube. The campaign included over 100 influencers and generated 840K user-generated content.
Subsidiary Performance
Domestic Subsidiaries grew by 10.7% and International Subsidiaries grew by 4.5% during Q2 FY26.
Sustainability Initiatives
The company is committed to sustainability with targets including a 70% reduction in water use intensity and 80% reduction in Scope 1 & 2 GHG emissions. It reported progress in waste disposal and virgin plastic use reduction.
Future Outlook
Pidilite remains optimistic about future performance, expecting continued growth driven by the domestic environment and strategic investments in brands and supply chains.
Source: BSE
