Pidilite Industries Ltd.

NSE: PIDILITIND | BSE: 500331 | ISIN: INE318A01026 | Industry: Specialty Chemicals
| Expensive Performer
2690.30 -13.90 (-0.51%)
NSE Sep 30, 2022 15:31 PM
Volume: 522.6K
 

Rapid Results Alerts
Pidilite Industries Ltd.    
10 Aug 2022
2690.30
-0.51%

Specialty Chemicals firm Pidilite Industries announced Q1FY23 Result :

  • Consolidated Net Sales grew by 60% YoY to cross Rs 3,000 crore and PAT grew by 64% YoY
  • Consolidated Performance:
    • Net sales at Rs 3,091 Cr grew by 60% over the same quarter last year.
    • EBITDA before non-operating income at Rs 529 Cr grew by 52% over the same quarter last year.
    • Profit before Tax and Exceptional items (PBT) at Rs 473 Cr grew by 63% over the same quarter last year.
    • Profit after tax (PAT) at Rs 358 Cr grew by 64% over the same quarter last year.
  • Standalone Performance:
    • Net sales at Rs 2,778 Cr grew by 62% over the same quarter last year with underlying sales volume and mix growth of 44%. In this quarter, C&B sales grew by 67% with underlying volume and mix growth of 49% and 51% sales growth in B2B with underlying volume and mix growth of 29%.
    • EBITDA before non-operating income at Rs 487 Cr grew by 50% over the same quarter last year.
    • Profit before Tax and Exceptional Items (PBT) at Rs 443 Cr grew by 59% over the same quarter last year.
    • Profit after Tax (PAT) at Rs 333 Cr grew by 61% over the same quarter last year.

Commenting on the quarter performance, Mr. Bharat Puri, Managing Director, Pidilite Industries Ltd, said: “In this quarter, we have recorded robust value and volume growths which have been broad-based across businesses, categories and geographies. While input costs have continued to be high during this quarter, EBITDA margins remained constant sequentially on account of calibrated pricing, increased sales and effective cost management actions. While the near term remains challenging, we remain cautiously optimistic on the medium term given the recent softening of input prices led by lower oil prices, a good monsoon and continued good demand conditions in the housing and home improvement sector. Our focus continues to be to deliver broad based profitable volume growth.”

Result PDF

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