Pidilite Industries (PIDILITIND) Q4 24/25 earnings summary

Executive summary

• Q4 FY25 revenue grew 10.2% year-over-year, driven by 9.8% underlying volume growth across categories and geographies.

• Consumer & Bazaar segment saw 8% volume growth, while B2B segment achieved 16.4% growth in Q4.

• Gross margins improved both sequentially and year-over-year due to softer input prices, with Q4 FY25 gross margin up 154 bps YoY.

• Domestic subsidiaries posted double-digit sales and EBITDA growth; international subsidiaries' sales were flat due to festive holidays.

• Audited standalone and consolidated financial results for FY25 were approved, with unmodified audit opinions.

Financial highlights

• Q4 consolidated net sales: Rs 3,130 Cr (+8.3% YoY); EBITDA: Rs 633 Cr (+9.7% YoY); PAT: Rs 428 Cr (+40.5% YoY).

• FY25 consolidated net sales: Rs 13,140.31 Cr (+6.1% YoY); EBITDA: Rs 3,013 Cr (+11.3% YoY); PAT: Rs 2,096.17 Cr (+20% YoY).

• Standalone FY25 net sales: Rs 12,072.70 Cr (+8.1% YoY); PAT: Rs 2,073.83 Cr (+15.2% YoY).

• Dividend of Rs 20 per share recommended for FY25, subject to shareholder approval.

• Basic EPS (consolidated) for FY25 was Rs 40.82, up from Rs 34.01 in FY24.

Outlook and guidance

• Management expects double-digit profitable underlying volume growth to continue in FY26, barring prolonged geopolitical or macroeconomic uncertainty.

• Urban growth improved in Q4, while rural growth remains ahead of urban.

• Cautiously optimistic outlook for FY26, with confidence in consumer demand but monitoring global risks.

• Ongoing focus on consistent, profitable, volume-led growth through brand, supply chain, and people investments.