Pidilite Industries Ltd share Price Today

Speciality Chemicals company Pidilite Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Consolidated:

• Net sales: Rs 2,890 crore; higher by 8% over the same quarter last year.
• EBITDA: Rs 577 crore; up by 26% over the same quarter last year.
• Profit before Tax and Exceptional Items (PBT): Rs 498 crore; higher by 27% over the same quarter last year.
• Profit After Tax (PAT): Rs 304 crore; up by 6% over the same quarter last year due to loss (shown as Exceptional Items) on divestment of the Brazil subsidiary.

Standalone:

• Net sales: Rs 2,576 crore; grew by 9% over the same quarter last year.
• EBITDA, before non-operating income: Rs 528 crore; up by 21% over the same quarter last year.
• Profit before Tax and Exceptional Items (PBT): Rs 463 crore; higher by 19% over the same quarter last year.
• Profit After Tax (PAT): Rs 354 crore; up by 22% over the same quarter last year.

FY24 Financial Highlights:

Consolidated:

• Net sales: Rs 12,337 crore; grew by 5% over last year.
• EBITDA, before non-operating income: Rs 2,707 crore; grew by 36% over last year.
• Profit before Tax and Exceptional Items (PBT): Rs 2,451 crore; grew by 42% over last year.
• Profit After Tax (PAT): Rs 1,747 crore; up by 36% over last year.

Standalone:

• Net sales: Rs 11,118 crore; grew by 5% over last year.
• EBITDA, before non-operating income: Rs 2,550 crore; grew by 37% over last year.
• Profit before Tax and Exceptional Items (PBT): Rs 2,397 crore; grew by 44% over last year.
• Profit After Tax (PAT): Rs 1,799 crore; up by 43% over last year.

Commenting on the results, Bharat Puri, Managing Director, Pidilite Industries Ltd, said: “At Pidilite, we delivered robust double digit Underlying Volume Growth (UVG) as well as substantial improvement in profitability, both for the quarter as well as FY24.

Continued investment in our brands, growth and capability initiatives as well as moderation in input prices, contributed to this strong performance.

While there may be short term softness in the environment in near term, we continue to remain optimistic about market demand in the medium term, with overall increase in construction activities, government spending and increasing prosperity.”

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