Pidilite Industries Limited — Updates, 22-01-2025: Press Release

Pidilite Industries Limited has reported a solid financial performance for the quarter and nine months ended December 31, 2024. Revenue grew by 9.3%, supported by a 9.7% underlying volume growth (UVG) across categories, with the Business to Business (B2B) segment showing strong momentum at 21.7%. Gross margins improved by 100 bps year-on-year due to easing input prices, although EBITDA margins slightly decreased to 24.3%. For the nine months, UVG was 9.2% with overall net sales reaching Rs 9,964 Cr, reflecting a growth of 7%.

The company is focused on brand investments and expanding manufacturing and distribution capabilities, driving innovation in both Consumer & Bazaar and B2B segments. Domestic subsidiaries reported double-digit revenue growth, whereas international operations exhibited modest sales growth due to global economic uncertainties.

The Managing Director expressed cautious optimism for improved demand driven by favorable monsoon conditions and increased construction activities, underscoring the company’s commitment to maintaining profitable, volume-led growth moving forward.