Pidilite Industries Q1 Profit Up 30 PC to Rs 883 Cr

New Delhi: Pidilite Industries Ltd on Tuesday reported 30.28 per cent increase in consolidated net profit at Rs 883.51 crore for June quarter FY27 helped by volume growth and price increase.

The company, which manufactures adhesives, sealants and construction chemicals, had logged a profit of Rs 678.13 crore in April-June FY26, according to a regulatory filing by Pidilite Industries.

Revenue was up 21.27 per cent at Rs 4,551.55 crore in the June quarter of FY27.

Sales grew with underlying volume growth (UVG) of 11.3 per cent and price hikes were taken across all categories to offset the increase in input costs, as per an earnings statement from Pidilite Industries.

Pidilite, which owns popular brands such as Fevicol, Dr Fixit, FeviKwik and M-Seal, said raw material basket, which is closely linked to crude derivatives, has witnessed a sharp increase due to geopolitical tensions in West Asia.

Its gross margin on a consolidated basis was at 53.3 per cent, contracted by 70 basis points over Q1 (54 per cent) last year due to the inflationary impact of the West Asia crisis, Pidilite added.

Total expenses were at Rs 3,468.29 crore, up 18.67 per cent in the June quarter.

During the quarter, Pidilite Industries’ revenue from the ‘Consumer & Bazaar’ segment was Rs 3,680.58 crore, up 22.41 per cent.

Revenue from ‘Business to Business’ was up 13.77 per cent to Rs 917.76 crore in June quarter FY27. This segment mainly covers the sale of products to end-consumers which are retail users such as carpenters, painters, plumbers, mechanics, households, students, offices, etc.

Revenue from ‘others’ segment, which mainly includes sale of raw materials and operations of a Non-Banking Finance Company, was at Rs 21.84 crore in the quarter, up 48.47 per cent.

Total income, which includes other income, was at Rs 4,643.55 crore, up 21 per cent year-on-year.

Managing Director Sudhanshu Vats said:” We have commenced FY27 on a strong footing, with broad-based growth across both Consumer & Bazaar and Business-to-Business segments. Domestic demand continues to be resilient, supported by healthy performance in urban and urban markets.” Disciplined execution has enabled the company to manage volatility effectively, balancing investments in brand building, innovation, people and supply chain capabilities with prudent cost management.

“We continue to monitor external factors such as raw material inflation, freight costs, and global supply chain disruptions, and stay confident that our proactive measures will mitigate risks, while sustaining growth momentum,” he said.

Shares of Pidilite Industries on Tuesday settled at Rs 1,620 apiece on BSE, down 0.49 per cent.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)