Pidilite Industries Q3FY25: Profit Rises 9% YoY, Revenue Up 9%
Pidilite Industries Limited, a leader in adhesives and construction chemicals, announced a strong performance for Q3FY25 with consolidated net profit rising 9% year-on-year (YoY) to ₹557 crore compared to ₹512 crore in Q3FY24. Consolidated revenue for the quarter stood at ₹3,357 crore, marking a 9% YoY increase, driven by robust growth across categories and geographies.
The Consumer and Bazaar (C&B) segment reported underlying volume growth (UVG) of 7.3%, while the Business-to-Business (B2B) segment continued its momentum with UVG of 21.7%. Gross margins improved by 100 basis points to 24.3% YoY, supported by lower input costs.
EBITDA before non-operating income grew 8% YoY to ₹798 crore, reflecting consistent operational efficiency despite increased spending on advertising and promotions.
For the nine months ending December 2024, consolidated revenue grew 7% to ₹9,964 crore, while net profit rose 16% to ₹1,669 crore, showcasing the company’s strong year-to-date performance.
Bharat Puri, Managing Director of Pidilite Industries, commented, “Despite subdued demand across urban and rural geographies, we continued to make steady progress with robust revenue, underlying volume growth, and healthy profitability. Looking ahead, we remain cautiously optimistic on improved demand conditions as a result of a good monsoon and increased construction activities.”
Pidilite’s growth was further supported by domestic subsidiaries delivering double-digit revenue growth and improving EBITDA margins, while international subsidiaries reported modest performance amid global challenges. The company remains focused on long-term growth through investments in manufacturing, branding, and distribution.
