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Pidilite Q2 Results FY24-25 Highlights: Standalone Revenue ₹2,965 Cr & ₹542 Cr PAT

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Synopsis:

Pidilite reported standalone revenue of ₹2,965 Cr in Q2 FY24-25, up by 7.1%. The PAT reached ₹542 Cr, reflecting an impressive 19.2% year-on-year growth. The company benefitted from benign input prices and robust performance in its Consumer and Bazaar (C&B) and Business-to-Business (B2B) segments.

In Q2 FY25, Pidilite Industries reported a standalone revenue of ₹2,965 Cr, marking a 7.1% year-on-year growth. Profit After Tax (PAT) increased by 19.2% to ₹542 Cr. Both Consumer & Bazaar (C&B) and Business-to-Business (B2B) segments contributed to this strong financial performance. 

Key Highlights/Quick Insights:

  • Revenue: ₹2,965 Cr (up 7.1% YoY)
  • EBITDA: ₹731 Cr (up 13.7% YoY)
  • Profit After Tax (PAT): ₹542 Cr (up 19.2% YoY)
  • EBITDA Margin: 24.6% (compared to 23.0% in Q2 FY24)
  • Gross Margin: Increased by 281 bps YoY due to lower input prices.

PIDILITE INDUSTRIES LTD

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3153.644.60 (1.43 %)

Updated - 30 October 2024
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Quarterly – Pidilite Q2 Results FY24-25

For the quarter ended September 30, 2024, Pidilite's revenue increased by 7.1% YoY to ₹2,965 Cr. The company's EBITDA grew by 13.7%, reaching ₹731 Cr, while the PAT saw a significant rise of 19.2%, closing at ₹542 Cr.

The improvement in EBITDA and PAT was supported by cost-efficient measures and higher contributions from both C&B and B2B segments.

Segment Highlights:

  • Consumer and Bazaar (C&B): Revenue grew by 5.1% YoY to ₹2,385 Cr. The C&B segment contributed significantly to the overall revenue growth, benefiting from higher rural demand.
  • Business-to-Business (B2B): This segment saw robust growth of 15.4% YoY, reaching ₹613 Cr, driven by higher demand in the Industrial and Project Verticals.

Both segments witnessed improved margins due to the favorable input cost environment.

Sector Expectations for Pidilite 2Q Results FY24-25

Pidilite's results exceeded sector expectations, particularly in the B2B segment, which grew significantly. The company capitalized on increased industrial demand and strong rural market performance in C&B products, setting a positive benchmark within the sector.

Financial Summary Table:

Particulars

Q2 FY24-25

Q2 FY23-24

Growth (%)

Revenue (₹ Cr)

2,965

2,768

7.1%

EBITDA (₹ Cr)

731

643

13.7%

PAT (₹ Cr)

542

455

19.2%

EBITDA Margin (%)

24.6%

23.0%

-


Source:
Pidilite Q2 Results FY’24-25 Investor Presentation Submitted on BSE 

Check out Pidilite's past performances in previous quarters and financial years.

Conclusion:

Pidilite's Q2 FY25 results showcase the company’s ability to navigate challenging market conditions, demonstrating solid growth across key financial metrics. The increase in EBITDA margins, strong PAT growth, and robust performance in both C&B and B2B segments highlight Pidilite’s strategic focus on cost efficiency and market expansion. The management’s outlook remains positive, with continued investments in growth and infrastructure expected to yield further gains in the coming quarters.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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