Pidilite Industries reported a consolidated net profit of Rs 571 crore for the June quarter, a 21% increase from Rs 474 crore a year ago. The company’s net sales were Rs 3,384 crore, up 4% from Rs 3,275 crore in the same quarter last year, according to a regulatory filing.
Earnings before interest, depreciation, tax, and amortization (EBIDTA) before non-operating income rose 15% to Rs 813 crore compared to the same quarter last year. Shares of Pidilite Industries were up 52.20% at Rs 3106.20 each on the BSE at 11:00 AM ahead of the earnings report.
Managing Director Bharat Puri said, “Despite challenges from election-related impacts and severe heat waves, we delivered strong volume growth and healthy profitability this quarter.” He added that with a good monsoon and the upcoming festival season, the company is optimistic about market demand and plans to continue investing in growth and supply chain resilience.
Pidilite Industries is a prominent player in the adhesives and sealants sector, renowned for its flagship product, Fevicol, among other offerings. The company has demonstrated robust financial performance, with its net profit and sales showing significant growth in recent quarters. Pidilite is known for its innovation and investment in expanding its product lines and supply chain. Despite facing economic challenges such as election-related impacts and extreme weather conditions, Pidilite has maintained strong profitability and is optimistic about future market demand. The company’s commitment to growth and resilience positions it as a key player in its industry.
