Pidilite Industries shares decline nearly 2% after 1:1 bonus adjustment; check details

The company's board approved a 1:1 bonus issue alongside its June quarter results, entitling shareholders to one bonus share for every share held as of the record date.

This means if an investor held 100 shares of Pidilite as of Monday's close, they would receive 100 bonus shares under the 1:1 ratio, bringing total holdings to 200 shares. However, the overall value of the investment would remain unchanged, as the share price adjusts proportionately to the bonus issue.

Pidilite announced its first bonus issue in 15 years, having last declared a 1:1 bonus back in 2010.

Following this, Pidilite Industries shares opened at ₹1,534 apiece and touched an intraday high of ₹1,535.70 and a low of ₹1,491. At 10:47 AM, the stock was trading at ₹1,495.60 per share on the National Stock Exchange, declining 1.54%.

The adhesive manufacturing firm had reported an 18.6% year-on-year (YoY) increase in its consolidated net profit to ₹672 crore during the quarter under review, as against ₹567 crore in the same period of the previous fiscal year. The profit growth was bolstered by volume growth and healthy operating margins.

The company’s revenue from operations rose 10.53% YoY to ₹3,753 crore in the first quarter of FY26, compared to ₹3,395 crore in Q1FY25. The top-line growth was underpinned by UVG (Underlying Volume Growth) of 9.9% across categories and geographies.

At an operational level, the company’s EBITDA (earnings before interest, tax, depreciation and amortisation) grew 16% YoY to ₹941 crore during the reporting period, compared to ₹812 crore in Q1 of the previous fiscal year.

Its EBITDA margin improved by 100 basis points (bps) to stand at 25% in the June FY26 quarter, as against 24% in the same quarter of FY25.

The company’s revenue from operations rose 10.53% YoY to ₹3,753 crore in the first quarter of FY26, compared to ₹3,395 crore in Q1FY25. The top-line growth was underpinned by UVG (Underlying Volume Growth) of 9.9% across categories and geographies, it said in a regulatory filing dated Wednesday.

Its consumer & bazaar segment contributed ₹3,006.70 crore in revenue during the reporting quarter, jumping 9.7% YoY from ₹2,740.83 crore in the year-ago quarter.