Pidilite Q1 Results: Fevicol adhesive maker clocks 21% jump in net profit, beats Street estimates

Pidilite (PIDILITIND) Q1 FY25 Results: Pidilite Industries - a Mumbai-headquartered consumer and industrial specialty chemicals maker whose popular brands include Fevicol, Dr Fixit and M-Seal - on Wednesday reported a consolidated net profit of Rs 566.9 crore for the April-June period, marking an increase of 21.1 per cent over the corresponding quarter a year ago. 

Pidilite's revenue stood at Rs 3,395.4 crore for the first quarter of the current financial year, up 3.7 per cent on a year-on-year basis, according to a regulatory filing. 

According to Zee Business research, Pidilite Industries was estimated to register a consolidated net profit of Rs 553 crore over revenue of Rs 3,486 crore for the quarter ended June 30.

Pidilite said its earnings before interest, taxes, depreciation and amortisation before non-operating income stood at Rs 813 crore for the three-month period, up 15 per cent on a year-on-year basis. Its EBITDA margin improved by 187 basis points (bps) to 24.6 per cent. 

Zee Business analysts had pegged Pidilite Industries' quarterly margin at 23 per cent.

“Despite challenging economic conditions because of election related impact as well as severe heat wave conditions in most parts of the country, we delivered robust UVG as well as healthy profitability in this quarter," said Bharat Puri, Managing Director, Pidilite Industries. 

"Given a healthy monsoon and the ensuing festival season, we remain optimistic on market demand and our ability to deliver robust growths. We will continue to invest in growth facing initiatives as well as building a resilient supply chain," Puri added. 

Pidilite shares build on their intraday gains after the earnings announcement, rising by as much as Rs 136.6, or 4.5 per cent, to Rs 3,190.6 apiece on BSE. 

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