By: ICN Bureau
Last updated : August 15, 2022 12:38 pm
EBITDA before non-operating income at Rs. 529 crore grew by 52% over the same quarter last year whereas Profit After Tax (PAT) at Rs. 358 crore grew by 64% over the same quarter last year
Pidilite Industries Limited, India’s leading manufacturer of adhesives, sealants, and construction chemicals, has reported Q1 FY 2022-23 net sales of Rs. 3,091 crore, up 60% over the same quarter last year.
EBITDA before non-operating income at Rs. 529 crore grew by 52% over the same quarter last year whereas Profit After Tax (PAT) at Rs. 358 crore grew by 64% over the same quarter last year.
The current quarter recorded robust revenue growth, a combination of higher volumes and measured price increases. Consumer & Bazaar (C&B) reported growth across all geographies and categories of adhesives, construction chemicals and DIY portfolio. Business to Business (B2B) growth was strong across all verticals.
While input costs remained elevated, cost efficiency measures ensured PAT growth in line with revenue growth. International subsidiaries maintained positive momentum and reported high double-digit constant currency revenue growth largely led by judicious pricing actions. Domestic subsidiaries registered good sales growth.