Pidilite Industries stock in focus as arm transfers entire stake in Pepperfry in share swap deal

Shares of Pidilite Industries will be in focus on Wednesday, January 7, after its wholly owned subsidiary, M/s. Pidilite Ventures Pvt. Ltd. (PVPL) transferred its entire shareholding in M/s. Pepperfry Limited (Pepperfry) to TCC Concept Ltd (TCC).

The stake was transferred via a 100% share swap deal, the company said in a regulatory filing on January 6.

Accordingly, PVPL holds a 2.20% shareholding in TCC, it added.

“M/s. Pidilite Ventures Pvt. Ltd. (PVPL), a wholly owned subsidiary of the Company, has transferred its entire shareholding in M/s. Pepperfry Limited (Pepperfry) to M/s. TCC Concept Ltd. (TCC), in a 100% Share Swap deal, pursuant to the acquisition of shares of Pepperfry by TCC. Accordingly, PVPL holds 2.20% shareholding in TCC,” the filing stated.

The firm also said that it was not a related party transaction, adding that the promoter or promoter group of PVPL has no interest in TCC.

Stock performance

Shares of Pidilite Industries closed flat at ₹1,505 per unit on the National Stock Exchange (NSE) on Tuesday. However, the development was announced after the market closed.

The scrip has surged nearly 4% in the past week and more than 2% over the month. On a year-to-date basis, it has advanced 2.4%.

While the share reached a 52-week high of ₹1,574.95 on September 3, 2025, it touched a year’s low of ₹1,311.10 per equity share on March 3, 2025.

Q2 earnings

The adhesive manufacturer has posted an 8.2% year-on-year (YoY) surge in its consolidated net profit to ₹584.6 crore for the September quarter of the 2025-26 financial year (Q2FY26). It has logged a profit of ₹540.3 crore in the corresponding period of the previous fiscal year.

During the quarter under review, its revenue from operations increased 8.2% annually to ₹3,554 crore, compared to ₹3,235 crore in the second quarter of the 2024-25 fiscal year (Q2FY25).

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, advanced by 10.5% YoY to ₹850 crore in Q2FY26.

Pidilite Industries has a total market capitalisation of ₹1.53 lakh crore, as of January 6, 2026, according to data on the NSE.