Pidilite | Business Upturn

Pidilite Industries shares jump 5% as net profit surges 9% YoY in Q3 FY25

Aman Shukla — Thu, 23 Jan 2025 04:01:54 +0000

Pidilite Industries’ stock jumped by 5% after the company reported a robust performance for Q3FY25. As of 9:28 AM, the shares were trading 4.24% higher at Rs 2,871.50.

The company’s consolidated net profit saw a 9% year-on-year (YoY) increase, reaching ₹557 crore compared to ₹512 crore in Q3FY24. Consolidated revenue for the quarter rose by 9% YoY, totaling ₹3,357 crore, driven by strong growth across multiple categories and geographies.

Key Highlights from Q3FY25:

Consumer and Bazaar (C&B) Segment: The C&B segment reported a solid 7.3% underlying volume growth (UVG).
Business-to-Business (B2B) Segment: The B2B segment exhibited an impressive UVG of 21.7%, continuing its growth momentum.
Gross Margin Improvement: Gross margins improved by 100 basis points to 24.3%, driven by a reduction in input costs.
EBITDA Growth: EBITDA before non-operating income increased 8% YoY to ₹798 crore, showcasing operational efficiency despite increased marketing expenses.

For the first nine months of FY25, Pidilite’s consolidated revenue grew 7% to ₹9,964 crore, while net profit surged 16% to ₹1,669 crore. This strong performance underscores the company’s consistent growth trajectory, making Pidilite a strong contender in the market.

Pidilite Industries shares opened at ₹2,800.95 today, with a high of ₹2,934.30 and a low of ₹2,800.95. The stock has experienced fluctuations within a 52-week range, with a high of ₹3,415.00 and a low of ₹2,488.10.

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Pidilite Q3 Results: Net profit surges 9% YoY to Rs 557 crore, revenue rises to Rs 3,357 crore

Markets Desk — Wed, 22 Jan 2025 13:34:30 +0000

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.

Nuvama sees $100 million opportunity for Pidilite in new CollTech partnership

Aditya Bhagchandani — Fri, 06 Sep 2024 09:33:15 +0000

Pidilite Industries has announced a new partnership with CollTech Group, securing an exclusive distribution agreement. This collaboration is set to open doors for Pidilite in the high-performance adhesives market, especially within the growing electronics and electric vehicle (EV) sectors.

The partnership will allow Pidilite to distribute CollTech’s range of products across India. CollTech is known for its adhesives and thermal management solutions, which are essential in industries like electronics and EV manufacturing.

According to Nuvama, this deal presents a potential USD 100 million opportunity for Pidilite in the long term.

Pidilite has previously expressed its ambitions to become a significant player in these markets, and this agreement is seen as a key step in that direction. The company’s shares saw a slight rise, trading 0.39% higher at ₹3,221.60 on the NSE.

Lower crude oil prices have also been a positive factor, helping protect Pidilite’s margins, which further strengthens the company’s position for future growth in this sector.

Pidilite Q3 Earnings: Company grants 17,000 stock options under ESOP

Aryan Jakhar — Wed, 25 Jan 2023 07:20:45 +0000

Pidilite, the producer of Fevicol glue, said that it has issued 17,500 stock options to qualified workers on January 24, 2023 under the Employee Stock Option Plan-2016.

“This is to inform that the Company has granted 17,500 stock options under ESOP-2016 to the eligible employees of the Company on 24th January, 2023,” the company said in a regulatory filing.

The vesting date for 5,000 shares will be June 1, 2025, with an exercise price of Re 1; for another 5,000 shares, it will be June 1, 2026; and for 7,500 shares, it will be June 1, 2027, with an exercise price of 2,205.

Today, the firm reported its third-quarter profits.

Pidilite | Business Upturn

Pidilite Industries shares jump 5% as net profit surges 9% YoY in Q3 FY25

Pidilite Q3 Results: Net profit surges 9% YoY to Rs 557 crore, revenue rises to Rs 3,357 crore

Nuvama sees $100 million opportunity for Pidilite in new CollTech partnership

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Pidilite Q3 Earnings: Company grants 17,000 stock options under ESOP