Pidilite Industries Limited has informed the Exchange regarding 'Transcript of the Earnings Call'.
PIDILITIND · price
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Awaiting price reaction for this filing.
Pidilite reported Q4 FY25 standalone revenue growth of 10.2% with underlying volume growth (UVG) of 9.8%, led by strong B2B growth of 16.4% while Consumer & Bazaar (C&B) UVG came in at 8%. Full-year FY25 consolidated revenue rose 7.6% to Rs. 13,094 crore with PAT up 20% to Rs. 2,096 crore; gross margins expanded 254 bps and EBITDA margins expanded 70 bps for the year. Management reaffirmed its commitment to delivering double-digit profitable UVG, highlighted the new Pidilite Professional Solutions division to drive B2B, and pegged the electronic adhesives opportunity at potentially a $1 billion market by 2030 via its CollTech partnership. The Board recommended a dividend of Rs. 20 per share. Management was cautiously optimistic on FY26, citing geopolitical and global economic uncertainty as key risks, and evaded specific questions on when its Haisha paints business would go pan-India and on lending business scale.
Steady Q4 with margin expansion and visible growth levers in B2B, construction chemicals, and electronic adhesives support investor confidence, while the Rs. 20 dividend provides near-term return. However, management's cautious FY26 tone and lack of clarity on scaling the paints and lending businesses may limit upside excitement in the short term.