Pidilite records healthy revenue growth driven by volumes and improved margins

Pidilite-Industries
Image Courtesy: Pidilite Industries

Pidilite Industries Limited, India’s leading player in adhesives, sealants and construction chemicals, announced its financial performance for the quarter and nine months ended December 31, 2025. During the third quarter, the Company reported net sales of ₹3,425 crore, reflecting an 11.0% increase year-on-year, supported by underlying volume growth of 9.3%.

Revenue from the Consumer & Bazaar (C&B) segment rose by 12.4%, with underlying volume growth of 9.7%, led by steady demand across core brands and product categories. The Business-to-Business (B2B) segment posted revenue growth of 2.9% with volume growth of 7.4%, partially impacted by softer export demand for certain industrial products.

Gross margins expanded by 200 basis points compared to Q3 of the previous year, primarily due to easing raw material costs. This improvement was partly offset by a one-time provision related to the implementation of the new labour code and higher deployment across advertising, promotion and services. EBITDA margins improved by 24 basis points year-on-year, reflecting disciplined cost management and operating efficiencies.

Commenting on the performance, . Sudhanshu Vats, Managing Director, Pidilite Industries Limited, said the Company delivered double-digit revenue growth backed by strong volume momentum and stable operating margins. He added that the outlook remains positive, supported by an improving domestic environment, favourable monsoon expectations and the continued indirect impact of GST reforms on demand. Increased focus on infrastructure development and urbanisation in the Union Budget is also expected to support growth. At the same time, the Company remains watchful of global geopolitical developments that could affect supply chains. Pidilite, he said, remains committed to driving consistent, profitable, volume-led growth through sustained investments in brands, manufacturing capabilities, supply chain and people.

Pidilite Industries Limited manufactures a wide range of products including adhesives, sealants, construction chemicals, DIY solutions, polymer emulsions, paint and automotive chemicals, industrial resins, pigments, art materials and stationery. Most products are developed through strong in-house research and development. The Company’s flagship brand, Fevicol, is among India’s most trusted brands, alongside other well-known names such as M-Seal, Fevikwik and Fevistik.