Pidilite shares jump over 4% on strong Q4 earnings: Volume, revenue see sharp growth; key numbers

Pidilite Industries Ltd reported a 36.63% rise in consolidated net profit to ₹584.15 crore for the March quarter of FY26 (Q4 FY26), helped by volume growth and healthy operating margins.

The company, which manufactures adhesives, sealants, and construction chemicals, had logged a profit of ₹427.52 crore in the January-March period a year ago, according to a regulatory filing by Pidilite Industries.

Its revenue rose 13.24% to ₹3,648.16 crore in the March quarter of FY26. It was ₹3,221.52 crore a year ago.

Pidilite Industries' total expenses increased 9.23% to ₹2,861.51 crore in the March quarter.

Dividend

The company proposed a final dividend of ₹11.5 per share.

Key Performance Highlights (Standalone):

• Net Sales for the quarter at ₹3,272 crore grew by 15.3% with UVG of 15.3% as compared to a FY 26 UVG of 11.8%.

UVG stands for underlying volume growth.

• Consumer & Bazaar (C&B) revenue grew by 15.9% with UVG at 15.4%. (Revenue includes other operating income)

• Business-to-Business (B2B) revenue grew by 9.3% with UVG of 14.8%. (Revenue includes other operating income)

• Gross Margins improved by ~100 bps over Q4 last year due to lower input costs and were in line with Q3 FY 26.

• EBITDA % improved by 280 bps over Q4 last year.

Key Performance Highlights (Consolidated):

• Net sales for the quarter at ₹3,572 cr grew by 14.1% over the same quarter last year.

• Gross Margins improved by ~160 bps compared to Q4 last year due to lower input costs.

• EBITDA improved by ~310 bps over Q4 last year.

FY26 earnings

For the entire FY26, Pidilite Industries' profit surged 17.86% to ₹2,470.72 crore. The total consolidated income rose 11% to ₹14,867 crore.

What the MD said

Commenting on the results, its managing director, Sudhanshu Vats, said, "We have delivered strong mid-teens UVG and revenue growth with robust expansion in margins, underscoring the strength of our brands and business model."

The Consumer and Bazaar (C&B) segment continued to accelerate, while the business-to-business segment made steady progress despite external challenges.

Looking ahead, we are confident of our disciplined execution as we navigate the current supply-side environment. We expect the momentum in domestic demand to continue as we manage the potential impact on input costs in the year ahead," he said.

Pidilite's strategic focus remains on driving consistent, profitable, volume-led growth through continued investments in innovation, brand building, and strengthening our supply chain capabilities.

"This balanced approach will help us sustain momentum while mitigating risks from external volatility," Vats added.