Conference Call with Pidilite Industries Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Specialty Chemicals company Pidilite Industries announced Q2FY25 results Standalone FInancial Highlights: Net sales at Rs 2,965 crore grew by 7% over the same quarter last year. Net sales for the half year ended stood at Rs 6,099 crore and grew by 7% over the same period last year. EBITDA before non-operating income at Rs 731 crore grew by 14% over the same quarter last year. EBITDA for the half year ended stood at Rs 1,502 crore and grew by 14% over the same period last year. Profit before Tax and Exceptional Items (PBT) at Rs 720 crore grew by 18% over the same quarter last year. PBT for the half year ended stood at Rs 1,462 crore and grew by 18% over the same period last year. Profit after Tax (PAT) at Rs 542 crore grew by 19% over the same quarter last year. PAT for the half year ended stood at Rs 1,094 crore and grew by 19% over the same period last year. Consolidated FInancial Highlights: Net sales at Rs 3,223 crore grew by 7% (excluding Pidilite USA and Pulvitec Brazil) over the same quarter last year. Net Sales for the half year ended stood at Rs 6,607 crore and grew by 6% (excluding Pidilite USA and Pulvitec Brazil) over the same period last year. EBITDA before non-operating income at Rs 769 crore grew by 13% over the same quarter last year. EBITDA for the half year ended stood at Rs 1,582 crore and grew by 14% over the same period last year. Profit before Tax and Exceptional Items (PBT) at Rs 725 crore grew by 17% over the same quarter last year. PBT for the half year ended stood at Rs 1,495 crore and grew by 18% over the same period last year. Profit after tax (PAT) at Rs 540 crore grew by 18% over the same quarter last year. PAT for the half year ended stood at Rs 1,112 crore and grew by 19% over the same period last year. Bharat Puri, Managing Director, Pidilite Industries, said: “Despite challenging economic conditions across the first half of the financial year, we have delivered robust Underlying Volume Growth as well as improved profitability. As we look ahead, we continue to remain optimistic for the second half as a result of the healthy monsoon, increased government spending and growing new construction activity. While we remain watchful of the geo-political situation, we continue to significantly invest in growth facing initiatives as well as building the supply chain of the future.” Result PDF