Pidilite Industries, a leading maker of adhesives and construction chemicals, sees a 9% growth in Q3FY25 profit, reaching ₹557 crore, while revenue rises 8% to ₹3,368 crore. The company benefitted from improved gross margins and strong demand across key product categories.
Pidilite Industries, revenue from operations surged 8%, totalling ₹3,368.91 crore, up from ₹3,129.99 crore in the same quarter last year. This growth was supported by robust demand in its adhesives and construction chemicals segments, despite subdued market conditions.
The company’s gross margins improved by 100 basis points, driven by lower input costs. EBITDA for the quarter stood at ₹798 crore, an 8% increase compared to the previous year. The company’s volume growth was strong, with a notable 21.7% rise in business-to-business sales.
In a statement, Bharat Puri, Managing Director of Pidilite, expressed cautious optimism about future demand, expecting improved conditions due to the good monsoon and heightened construction activities.
Pidilite Industries, reported a consolidated net profit of ₹557 crore for Q3FY25, marking a 9% increase year-on-year
In October, the company announced an acquisition of Buildnext Construction Solutions Private Limited, through its subsidiary Pidilite Ventures Pvt. Ltd. Buildnext Construction Solutions is a company engaged in the home design and project management services sector. The acquisition was aimed at expanding Pidilite’s presence in an adjacent business area, enhancing its portfolio.
The deal was concluded in a single transaction without any governmental or regulatory approvals required, and there is no material impact expected from the acquisition on Pidilite’s operations or financials.
Pidilite Industries’ share price traded 7.68% higher at ₹2,966.40 at 10:10 AM on the NSE. The stock opened higher at ₹2,800.95 compared to the previous close of ₹2,754.75.
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Published on: Jan 23, 2025, 10:14 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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