Fevicol maker Pidilite Industries shares in focus as firm to report Q3 earnings today; check key details

The company, which is known for its brands like Fevicol, reported an increase of 17.83% in consolidated net profit at ₹540.30 crore for the second quarter ended September 30, 2024 (Q2 FY25), helped by benign input prices and volume growth.

The company logged a profit of ₹458.53 crore in the July-September period a year ago, it said in a regulatory filing.

Its revenue from operations was up 5.16% at ₹3,234.91 crore during the quarter under review. It was at ₹3,076.04 crore in the corresponding quarter a year ago.

Pidilite Industries' total expenses were at ₹2,565.71 crore, up 3.26% in the September quarter.

The total income of Pidilite Industries, which includes other income, was up 5.93% to ₹3,292.03 crore.

The current quarter's revenue growth is aided by a UVG (Underlying Volume Growth) of 8%, said Pidilite Industries in its earnings statement.

"Input prices remained benign, resulting in an expansion of gross margin by 281 bps over the same quarter of the previous year. EBITDA margins at 24.6% are higher than Q2 FY24 by 143 bps," it said.

Demand for Consumer & Bazar (C&B) products was impacted by rains at the beginning of the quarter. "Consumer and Bazaar UVG is 6% with rural markets continuing to outpace urban markets," it said.

Similarly, revenue from its B2B segment was up 14.34% to ₹703.58 crore.

As regards the outlook, Managing Director Bharat Puri said, "We continue to remain optimistic for the second half as a result of a healthy monsoon, increased government spending, and growing new construction activity."

However, it was also watchful of the geopolitical situation and continues to significantly invest in growth-facing initiatives as well as building the supply chain of the future.

Pidilite Industries' stock performance

Shares of Pidilite Industries gained more than 9% in the past 12 months. However, in the past six months, the stock price has slipped over 12%.