Pidilite Industries posts consolidated Q3 FY25 PAT at Rs. 552.42 Cr
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Pidilite Industries posts consolidated Q3 FY25 PAT at Rs. 552.42 Cr

Pidilite Industries has reported total income of Rs. 3,424.69 crore during the period ended December 31, 2024

  • By ICN Bureau | January 23, 2025

Pidilite Industries Limited has reported consolidated financial results for the period ended December 31, 2024.

Pidilite Industries has posted net profit of Rs. 552.42 crore for the period ended December 31, 2024 as against net profit of Rs. 534.56 crore for the period ended September 30, 2024. The company has posted net profit of Rs. 510.48 crore for the period ended December 31, 2023.

Pidilite Industries has reported total income of Rs. 3,424.69 crore during the period ended December 31, 2024 as compared to Rs. 3,292.03 crore during the period ended September 30, 2024. The company reported total income of Rs. 3,166.97 crore during the period ended December 31, 2023.

For the 9 months period ended December 31, 2024, Pidilite Industries has reported total income of Rs. 10,166.01 crore as compared to Rs. 9,572.82 crore during the 9 months period ended December 31, 2023.

The company has posted net profit of Rs. 1,653.90 crore for the 9 months period ended December 31, 2024 as against net profit of Rs. 1,428.79 crore for the 9 months period ended December 31, 2023.

The current quarter’s revenue growth of 9.3% was aided by UVG of 9.7% across categories and geographies. Consumer and Bazaar (‘C&B’) UVG was 7.3%, while Business to Business (‘B2B’) maintained growth momentum with UVG of 21.7%. 

Gross Margins improved by 100 bps year on year, primarily due to benign input prices. With stepped up A&SP spends, EBITDA Margins were 24.3% as compared to 25.1% in Q3 FY24. 

For nine months of the current financial year, UVG was 9.2% with C&B UVG of 7.0% and B2B UVG of 20.2%. Gross Margins improved by 284 bps over previous year, on account of lower input costs. EBITDA Margins were 24.5%, compared to 23.7% in the previous year. 

Commenting on the results, Bharat Puri, Managing Director, Pidilite Industries Ltd said, “Despite subdued demand across urban and rural geographies, we continued to make steady progress, with robust revenue and underlying volume growth and healthy levels of profitability. Looking ahead, we remain cautiously optimistic on improved demand conditions as a result of the good monsoon and increased construction activities. We remain committed to our strategic agenda of delivering consistent, profitable volume-led growth through investment in our brands, supply chain and people.”

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