Pidilite Industries (PIDILITIND) Q3 24/25 earnings summary
Event summary combining transcript, slides, and related documents.
Q3 24/25 earnings summary
8 Jul, 2026Executive summary
Q3 FY25 revenue grew 9.3% year-over-year, driven by 9.7% underlying volume growth across categories and geographies.
Consumer & Bazaar segment saw 7.3% volume growth, while B2B posted 21.7% growth in Q3.
Gross margins improved by 100 basis points year-over-year due to lower input prices; EBITDA margin for Q3 was 24.3%, slightly lower than 25.1% last year due to increased A&SP spending.
Domestic subsidiaries delivered double-digit revenue growth and improved EBITDA margins; international subsidiaries reported modest growth amid global uncertainties.
Unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2024 were approved by the Board on 22 January 2025.
Financial highlights
Standalone Q3 FY25 revenue was ₹3,099.08 crore, up from ₹2,834.47 crore in Q3 FY24; consolidated Q3 revenue was ₹3,368.91 crore, up from ₹3,129.99 crore.
Standalone Q3 FY25 net profit was ₹534.50 crore, up from ₹522.85 crore; consolidated Q3 net profit was ₹552.42 crore, up from ₹534.56 crore.
Nine-month standalone revenue was ₹9,221.84 crore, up from ₹8,578.09 crore; consolidated revenue was ₹9,999.17 crore, up from ₹9,481.14 crore.
Gross margins for the nine-month period rose by 284 basis points year-over-year.
Standalone basic EPS for Q3 FY25 was ₹10.51, up from ₹10.28 in Q3 FY24; consolidated basic EPS for Q3 FY25 was ₹10.86, up from ₹10.04.
Outlook and guidance
Management expects input prices to remain benign in Q4, with margins likely to stay in the 20-24% range.
Cautiously optimistic on improved demand due to good monsoon and increased construction activities.
Demand strain persists in both urban and rural markets, but rural growth continues to outpace urban.
No expectation of a significant post-budget demand pickup; improvement is tied to broader macroeconomic factors.
Anticipates benefits from the construction boom as projects near completion, especially in A and B-class cities.
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