Categories AlphaGraphs, Consumer

Pidilite Industries Q2 FY26 Earnings Results

Pidilite Industries Limited is a leading manufacturer of adhesives and sealants, construction chemicals, craftsmen products, DIY products and polymer emulsions in India. Most of the products have been developed through strong in-house R&D. Our brand name Fevicol has become synonymous with adhesives to millions in India and is ranked amongst the most trusted brands in the country. Some of our other major brands are M-Seal, Fevikwik, Fevistik, Roff, Dr. Fixit, Fevicryl, Motomax, Hobby Ideas, Araldite.

 

Q2 FY26 Earnings Results:

  • Revenue from Operations: ₹3,554.44 crore, up 9.9% YoY, down 5.3% QoQ from ₹3,753.1 crore.

  • Profit After Tax (PAT): ₹584.6 crore, up 8.3% YoY, down 13.9% QoQ from ₹672.4 crore.

  • Operating Profit excluding other income: ₹850.73 crore with an operating margin of 23.93%, down sequentially from 25.07%.

  • Other Income declined 41.5% QoQ to ₹50.16 crore.

  • Employee costs increased slightly to ₹470.72 crore.

  • Depreciation increased to ₹99.95 crore due to expansion investments.

  • H1 FY26 net sales reached ₹7,307.54 crore, up 10.2% YoY.

  • H1 FY26 consolidated net profit at ₹1,251.64 crore, up 13.3% YoY.

  • EPS stood at ₹5.76 in Q2 FY26 and ₹12.15 in H1 FY26 (post 1:1 bonus shares).

 

Management Commentary and Strategic Insights:

  • Managing Director Sudhanshu Vats highlighted double-digit underlying volume growth with sequential improvement and healthy margins.

  • Optimistic about demand recovery supported by favorable monsoons, GST 2.0 benefits, and a strong construction sector.

  • Cautioned about risks from geopolitical tensions and global tariff uncertainties.

  • Focus remains on sustained profitable, volume-led growth with investments in brands, supply chain, and talent.

 

Pidilite Industries Q2 FY26 Earnings Results

 

Q1 FY26 Earnings Results:

  • Revenue: ₹3,753.10 crore, up 10.5% YoY.

  • PAT: ₹672.41 crore, up 18.7% YoY.

  • EBITDA: ₹941 crore, up 16% YoY; EBITDA margin improved to 25%.

 

To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.

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