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Pidilite Industries reports revenue of Rs 3,130 crore aided by robust underlying volume growth
India’s leading manufacturer of adhesives, sealants, and construction chemicals reported a consolidated profit after tax (PAT) or net profit at Rs 510.9 crore for the quarter ended December 31, 2023.
"We continued to invest in our brands, upgrading and building new manufacturing facilities and expanding our distribution network," the company said in a statement.
Pidilite Industries reported revenue of Rs 3,130 crore aided by robust underlying volume growth (UVG) of 10.4 percent across categories and geographies, aided by a moderation in input costs.
India’s leading manufacturer of adhesives, sealants, and construction chemicals reported a consolidated profit after tax (PAT) or net profit at Rs 510.9 crore for the quarter ended December 31, 2023.
Pidilite Industries EBITDA for the quarter under consideration came in at Rs 742.5 crore.
Commenting on the results, Bharat Puri, Managing Director, Pidilite Industries said, "At Pidilite, we delivered another quarter of robust Underlying Volume Growth (‘UVG’) along with substantially improved profitability. Continued moderation in input costs resulted in good improvements in Gross Margins, enabling us to invest behind our brands as well as other growth initiatives. Our growth remained broad-based across categories and geographies. We continue to remain optimistic about market demand in the near term, with increased government spending and the overall improvement in construction activities. We remain committed to deliver volume led profitable growth via investment in our brands, supply chain, digital infrastructure, innovation and customer facing initiatives.”
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