Mumbai, February 11, 2025 – Pidilite Industries Ltd. (NSE: PIDILITIND, BSE: 500331), a leader in adhesives, sealants, and construction chemicals, has announced its unaudited financial results for the quarter and nine months ended December 31, 2024.
Standalone Financial Performance (₹ in Crores)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24
Revenue from Operations
3,099.08
2,976.92
2,834.47
9,221.84
8,578.09
11,166.97
Total Income
3,153.59
3,049.11
2,894.51
9,400.17
8,701.67
11,332.52
EBITDA (Excl. Exceptional Items)
795.18
794.19
760.85
2,405.33
2,145.25
2,726.43
Profit Before Tax (PBT)
718.48
719.59
694.33
2,180.43
1,933.54
2,403.81
Net Profit
534.50
542.00
522.85
1,628.07
1,445.15
1,799.47
YoY Revenue Growth: 9.34%
YoY Net Profit Growth: 2.23%
EBITDA Margins: Stable at ~25.2%
EPS (Basic): ₹10.51 (vs. ₹10.28 in Q3 FY24)
Consolidated Financial Performance (₹ in Crores)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24
Revenue from Operations
3,368.91
3,234.91
3,129.99
9,999.17
9,481.14
12,382.99
Total Income
3,424.69
3,292.03
3,166.97
10,166.01
9,572.82
12,522.64
EBITDA
865.47
832.98
812.45
2,533.14
2,293.67
2,960.88
Profit Before Tax (PBT)
751.76
725.10
687.42
2,246.49
1,953.15
2,379.35
Net Profit
557.08
540.30
510.92
1,668.65
1,443.14
1,747.42
YoY Consolidated Revenue Growth: 7.63%
YoY Consolidated Net Profit Growth: 8.33%
EBITDA Margins: Improved to 25.3%
Segment-Wise Performance
Standalone Revenue Breakdown (₹ in Crores)
Segment
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24
Consumer & Bazaar
2,493.50
2,391.24
2,330.90
7,447.45
7,038.55
9,062.61
B2B
648.49
619.24
537.12
1,901.92
1,653.41
2,256.49
Others
13.36
14.76
9.71
41.08
49.28
61.06
Total Revenue
3,099.08
2,976.92
2,834.47
9,221.84
8,578.09
11,166.97
Consumer & Bazaar (C&B) segment grew 6.98% YoY and remains the largest contributor.
Business-to-Business (B2B) segment recorded 20.76% YoY growth, driven by industrial adhesives and construction chemicals.
Key Corporate Developments
Employee Stock Options: The company allotted 32,550 equity shares under the Employee Stock Option Plan – 2016.
Strategic Investment: Wholly owned subsidiary Bhimad Commercial Co. Pvt. Ltd. acquired 100% stake in NBFC Pargro Investments Pvt. Ltd. for ₹9.90 crores, post RBI approval on June 6, 2024. Pargro aims to provide credit within Pidilite’s ecosystem.
Divestment: Completed the sale of Pulvitec do Brasil, a wholly owned subsidiary, recognizing a loss of ₹71.67 crores in exceptional items.
Management Commentary
Bharat Puri, Managing Director, Pidilite Industries Ltd., stated: "Our strong performance in Q3 FY25 reflects sustained demand for our Consumer & Bazaar products and a robust recovery in the B2B segment. We continue to focus on product innovation and strategic investments to drive long-term growth. The acquisition of Pargro Investments will help strengthen our ecosystem by providing financial support to our business partners."
Strategic Outlook
Growth Drivers: Expansion in waterproofing & construction chemicals, rural market penetration, and digital transformation.
Margin Management: Stability in raw material prices to aid profitability in H2 FY25.
International Expansion: Strong growth in MEA and Southeast Asia regions.
Investor Insights
Strong Financial Performance: Consistent revenue growth with stable margins.
Strategic Investments: Strengthening financial support ecosystem via Pargro Investments acquisition.