Pidilite Industries Limited has informed the Exchange regarding 'Transcript of the Earnings Call'.
PIDILITIND · price
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Pidilite Industries delivered strong Q4 FY26 results with standalone revenue of INR 3,272 crores, up 15.3% driven by 15.3% volume growth. Both Consumer & Bazaar (15.4%) and B2B (14.8%) segments performed well, though March exports were impacted by West Asia conflict. EBITDA margin expanded 280 bps to 23.4% due to gross margin improvement and operating leverage (costs grew only 9.2% vs 15.3% sales growth). Full year consolidated revenue was INR 14,553 crores (11.1% growth) with PAT up 17.9%. Management flagged raw material inflation of 40-50% on weighted average basket due to West Asia conflict, with VAM prices surging ~70%. Price increases of 12-15% have been taken across categories (Fevicol: ~5% in April, 7-9% in May). The company maintains a 20-24% EBITDA margin guidance corridor. BuildNext was transferred to JSW One via share swap. Waterproofing business has recovered with improved growth rates.
Strong operational performance with margin expansion demonstrates pricing power and cost control despite significant raw material inflation headwinds. The West Asia situation remains a key monitorable for supply security and margin guidance sustainability going into FY27.