Pidilite Industries Q1: Net profit rises 19% to ₹672 crore, revenue up 11% YoY; special dividend announced

Pidilite Industries on Wednesday, August 6, reported an 18.6% jump in its consolidated net profit to ₹672 crore for the first quarter of the current fiscal year (Q1 FY26), driven by volume growth and healthy operating margins. The company's net profit during the first quarter of FY25 stood at ₹567 crore.

Revenue from operations of Pidilite Industries stood at ₹3,753 crore during the reporting quarter, up 10.53% from ₹3,395 crore in Q1 FY25.

The "revenue growth of 10.6% was underpinned by UVG (Underlying Volume Growth) of 9.9% across categories and geographies," the company said in its earnings statement on Wednesday.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the company increased by 16% year-on-year (YoY) to ₹941 crore in Q1 FY26 as compared to ₹812 crore in the same quarter last year. EBITDA margin stood at 25% in Q1 FY26 against 24% a year ago.

Gross margins were in line with Q1 last year; however, EBITDA margins improved by 101 basis points (bps), Pidilite Industries added.

The company's revenue from its 'Consumer & Bazar' segment increased by 9.7% YoY to ₹3,007 crore, while its B2B segment revenue jumped 11.17% YoY to ₹807 crore.

“Consumer & Bazaar reported sequentially improved UVG of 9.3%. B2B UVG of 12.6% was the eighth consecutive quarter of double-digit UVG," the statement read.

Its total expenses were up 9% YoY at ₹2,923 crore in the April-June quarter, and its total income was up 11.3% at ₹3,839 crore.

“Despite the challenging macro-economic demand environment, we have delivered strong underlying volume growth and healthy operating margins," Managing Director Sudhanshu Vats said.

"As we look ahead, we continue to remain cautiously optimistic as the domestic operating environment improves with good monsoons, steady demand conditions, especially in the construction sector, lower interest rates and recent measures to improve liquidity,” he added.

Special dividend announced

In a separate filing, the company said that its board has approved a special interim dividend of ₹10 per equity share of ₹1 each for the fiscal year 2025-26. The record date is set as August 13, and the dividend will be paid to eligible shareholders on August 29, 2025.

Bonus issuance

The company also announced an issuance of bonus equity shares in the proportion of 1:1 i.e., 1 (One) equity share of ₹1 each for every 1 (One) fully paid-up equity share of ₹1 each held by the Members as on the Record Date. The bonus is subject to statutory and regulatory approvals.

Pidilite Industries

Shares of Pidilite Industries ended 1.48% up at ₹3,042 apiece on the NSE on Wednesday, August 6, after opening at ₹3,026 apiece. During the session, the stock jumped to an intraday high of ₹3,058 per share. The company's market capitalisation stands at ₹1,54,737.14 crore.

In the last one month, the stock has declined by 0.9%. However, over the last six months, it has soared 4.9%. Year-to-date, the stock has appreciated by 6.2%.