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.
Q3 FY26 Earnings Results
- Revenue from Operations: ₹3,699 cr, +10.2% YoY (vs ₹3,357 cr in Q3 FY25), healthy topline expansion underpinned by volume growth across key categories.
- EBITDA: ₹894 cr, +12.0% YoY; EBITDA margin 24.2% (expanded 40 bps YoY on cost efficiencies).
- PAT: ₹624 cr, +12.0% YoY (strong profit growth reflecting operational leverage).
- Standalone Results: Net sales ₹3,425 cr, +11.0% YoY; EBITDA ₹840 cr, +12.1% YoY; PAT ₹601 cr, +12.5% YoY, with underlying volume growth 9.3%.
- 9M FY26 YTD: Consolidated revenue ₹10,982 cr, +10.2% YoY; 9M PAT ₹1,887 cr, +13.1% YoY with margin tailwinds and volume strength.
Management Commentary & Strategic Decisions
- Management highlighted double-digit revenue and volume growth, driven by strong demand across the Consumer & Bazaar (C&B) segment (12.4% revenue increase, UVG 9.7%) and sustained B2B performance.
- Margin expansion was credited to lower input costs and improved pricing discipline, which helped EBITDA and PAT margins expand YoY.
- Commentary from leadership suggested confidence in domestic demand recovery, supported by favorable monsoon expectations and infrastructure-led growth, while remaining vigilant on geopolitical and raw material cost dynamics.
- Strategic focus remains on strengthening distribution networks, brand-led volume growth, and operational efficiency to maintain resilient margins in a competitive consumer and specialty chemicals market.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹3,554.44 cr, +9.9% YoY (slightly sequentially down from ₹3,753 cr).
- EBITDA: ₹941 cr, indicating strong operating profitability with margins 23.9%.
- PAT: ₹584.6 cr, +8.3% YoY (margin moderate amid cost pressures).
- Other key metrics: Operating profit ex other income ₹850.7 cr; other income moderation weighed on total profitability.
Management Commentary Q2
- Management commentary noted steady topline growth driven by core branded businesses, especially the Consumer & Bazaar portfolio and underlying volume gains.
- Margin trends reflected controlled costs and pricing discipline, though sequential revenue dip was attributed to macroseasonal factors.
- Continued focus was placed on brand strength, distribution expansion, and risk-mitigating input management to sustain near-term performance.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.