Pidilite Industries Limited has informed the Exchange regarding 'Transcript of the Earnings Call'.
PIDILITIND · price
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Pidilite Industries reported strong Q1 FY26 results with standalone revenue of INR 3,467 crore, up 10.6% year-on-year, driven by 9.9% underlying volume growth (Consumer & Bazaar at 9.3%, B2B at 12.6%). EBITDA margins expanded 101 basis points to 25.6%, while profit after tax grew about 18%. The board announced a special interim dividend of INR 10 per share and a 1:1 bonus issue — the first bonus in 15 years. Rural markets continued to outpace urban, and the company highlighted robust growth in core brands like Fevicol, Araldite, Roff, and Dr. Fixit, along with new products such as Nail-free Ultra, Relam, and UnoFin. Consolidated revenue stood at INR 3,742 crore, up 10.6%, with EBITDA growth of 15.8%.
Management indicated that with benign input costs, FY26 EBITDA margins are likely to land at the higher end of its 20–24% guided corridor, which is a positive signal for profitability. The bonus issue and special dividend enhance shareholder returns. Investors should note that B2B growth may see short-term pressure from tariff-related uncertainties in export-linked industries, while direct US exposure remains minimal.