Pidilite Industries delivered a strong performance in the first quarter of FY26, with numbers comfortably beating analyst expectations.
The company reported a consolidated net profit of ₹678 crore, up 18.7% year-on-year compared to ₹571.3 crore in the same quarter last year. The figure also came in higher than the CNBC-TV18 poll estimate of ₹617 crore, reflecting robust operational efficiency and demand momentum.
Revenue from operations rose by 10.5% on a yearly basis, reaching ₹3,753 crore as against ₹3,395.4 crore in Q1FY25. This too exceeded the estimated ₹3,700 crore, indicating healthy volume growth across key product categories, especially adhesives and construction chemicals.
EBITDA came in at ₹941 crore for the quarter, registering a 16% increase over ₹813 crore last year. The operating margin improved to 25%, up from 23.9% a year ago and also above the 23.6% forecast. This margin expansion suggests improved cost control and better product mix.
In a significant shareholder-friendly move, the company’s board has approved a bonus issue in the ratio of 1:1 — meaning shareholders will receive one bonus share for every share held. This decision reflects Pidilite’s strong balance sheet and its commitment to rewarding shareholders.
