Pidilite Industries (PIDILITIND) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 saw consolidated revenue rise 10.6% year-over-year to INR 3,742 crore, with EBITDA up 15.8% and profit after tax growing up to 18.7%.

• Standalone and consolidated unaudited financial results for the quarter ended 30 June 2025 were approved by the Board on 6 August 2025.

• Statutory auditors issued an unmodified limited review opinion on both standalone and consolidated results.

• A special interim dividend of INR 10 per share and a 1:1 bonus issue were announced to commemorate the founder's 101st birth anniversary.

Financial highlights

• Consolidated net sales reached Rs. 3,742 Cr, EBITDA Rs. 941 Cr, and PAT Rs. 678 Cr in Q1 FY26.

• Standalone revenue from operations for Q1 FY26 was ₹3,479.3 crore, up from ₹3,145.8 crore in Q1 FY25.

• Standalone net profit for Q1 FY26 was ₹649.8 crore, compared to ₹551.6 crore in Q1 FY25.

• Gross margins remained stable, while EBITDA margins improved by 101 bps to 25.6%.

• Domestic subsidiaries posted 11.5% sales growth and 31.7% EBITDA growth; international subsidiaries grew revenue by 6.5% and EBITDA by 9%.

Outlook and guidance

• Management expects to maintain or improve underlying volume growth, supported by robust demand and successful innovations.

• EBITDA margin guidance remains in the 22%-24% corridor, with a likelihood of landing at the higher end due to benign input costs.

• Pricing growth is expected to remain low single-digit, with no major price hikes anticipated unless input costs rise.

• Cautiously optimistic outlook supported by good monsoons, steady demand, lower interest rates, and improved liquidity.

• Continued focus on volume-led growth through brand, supply chain, and people investments.