Pidilite Industries Reports 9% Growth in Q3 Net Profit, Optimistic on Future Demand
Pidilite Industries Ltd, the leading manufacturer of adhesives, sealants, and construction chemicals, announced a 9% increase in net profit for the quarter ended December 31, 2024. The company reported a net profit of ₹557.08 crore, compared to ₹510.92 crore during the same period last year, according to its stock exchange filing on January 22.
The company’s performance also saw sequential improvement, as net profit in the previous quarter (ended September 30, 2024) stood at ₹540.3 crore.
Revenue Performance
Pidilite’s revenue from operations grew by 7.6% to ₹3,368.91 crore during the December quarter, up from ₹3,129.99 crore in the same quarter last year. Sequentially, the revenue also marked an improvement, rising from ₹3,234.91 crore reported in the September quarter.
Management Outlook
Bharat Puri, Managing Director of Pidilite Industries, reflected on the company’s steady growth amidst challenging market conditions:
- “Despite subdued demand across urban and rural geographies, we continued to make steady progress, with robust revenue, underlying volume growth, and healthy profitability levels.”
- He added, “Looking ahead, we remain cautiously optimistic about improved demand conditions, supported by a good monsoon and increased construction activities. We are committed to our strategy of delivering consistent, profitable, volume-led growth through sustained investments in our brands, supply chain, and people.”
About Pidilite Industries
Founded in 1959 and headquartered in Mumbai, Pidilite Industries is renowned for its iconic adhesive brand, Fevicol, which has become a household name in India. The company has a diversified portfolio that includes adhesives, sealants, construction and paint chemicals, art materials, and industrial resins. Some of its other well-known brands include:
- Fevikwik: Instant adhesive.
- Dr. Fixit: Waterproofing solutions.
- M-Seal: Epoxy-based sealing products.
- Roff: Tile and stone fixing adhesives.
Pidilite is a market leader in its category and operates across various sectors, including retail, industrial, and construction. With a strong focus on innovation, sustainability, and consumer-centric solutions, the company has consistently expanded its product range and market presence both domestically and internationally.
Market Outlook
Pidilite remains well-positioned to benefit from growth in the construction and real estate sectors, which are expected to rebound due to increased infrastructure activities and improved consumer sentiment. The company’s emphasis on brand investment and operational efficiency ensures that it continues to maintain a competitive edge in its industry.
The cautious optimism expressed by the management reflects confidence in navigating market headwinds while driving long-term growth.
