Pidilite Industries has kicked off FY27 on a strong note, reporting a 30.3% year-on-year jump in consolidated profit after tax to Rs. 884 crore for the quarter ended June 30, 2026, as robust volume growth and higher revenues boosted performance.
Consolidated net sales rose 21.3% to Rs. 4,541 crore, while earnings before interest, tax and depreciation increased 26.9% to Rs. 1,194 crore. Consolidated EBITDA margin expanded to 26.3% from 25.1% a year earlier.
The company reported Underlying Volume Growth (UVG) of 11.3%, indicating continued strength in underlying demand despite a challenging cost environment.
On a standalone basis, net sales climbed 22.2% to Rs. 4,237 crore, while profit after tax surged 27.7% to Rs. 830 crore. EBITDA increased 26.2% to Rs. 1,121 crore, with the EBITDA margin improving to 26.4% from 25.6%.
Pidilite said it took price increases across categories to offset higher input costs. Gross margin, however, contracted to 52.5% from 53.4%, with the company attributing the decline to inflationary pressures stemming from the West Asia crisis.
The company's Consumer & Bazaar (C&B) segment remained the key growth engine, with revenue rising 22.5% to Rs. 3,458 crore and UVG reaching 12.2%.
Segment profit before interest and tax increased 24.7% to Rs. 1,127 crore, while the PBIT margin expanded to 32.6% from 32%.
The Business-to-Business (B2B) segment also delivered double-digit growth, with revenue increasing 16% to Rs. 821 crore and UVG at 7.3%. PBIT rose 29.2% to Rs. 170 crore, lifting the segment margin to 20.7% from 18.5%.
Commenting on the results, Sudhanshu Vats, Managing Director, Pidilite Industries, said: "We have commenced FY27 on a strong footing, with broad-based growth across both Consumer & Bazaar and Business-to-Business segments. Domestic demand continues to be resilient, supported by healthy performance in urban and rurban markets.
"Our investments in brand building and business development during the quarter, underscored our commitment to continuously strengthen our brands and expand our market presence.
"Our disciplined execution has enabled us to manage volatility effectively, balancing investments in brand building, innovation, people and supply chain capabilities with prudent cost management. We continue to monitor external factors such as raw material inflation, freight costs, and global supply chain disruptions, and stay confident that our proactive measures will mitigate risks, while sustaining growth momentum."
Despite pressure on gross margins, Pidilite's stronger operating leverage helped drive profitability higher during the quarter. The company said it remains focused on managing raw material inflation, freight costs and global supply-chain disruptions while continuing to invest in brands, innovation, people and supply-chain capabilities.
The results point to a strong start to FY27, with broad-based volume growth across both major business segments and an expansion in operating margins.
